Semiconductor Market Recovery... Samsung Electronics Recovers 70 Trillion Won in Sales After 5 Quarters (Update)

Samsung Electronics recorded an earnings surprise in the first quarter of this year, supported by a recovery in the memory semiconductor market.

Samsung Electronics announced on the 5th that its consolidated operating profit for the first quarter of this year was preliminarily estimated at 6.6 trillion won, an increase of 931.25% compared to the same period last year. This amount even exceeds Samsung Electronics' annual operating profit for last year (6.57 trillion won).

Samsung Electronics Seocho Building, Seocho-gu, Seoul. Photo by Jinhyung Kang aymsdream@

Sales reached 71 trillion won, up 11.37% from the same period last year. This is the first time in five quarters since the fourth quarter of 2022 (70.4646 trillion won) that Samsung Electronics' quarterly sales have recovered to the 70 trillion won level.

Although the performance by division was not disclosed on this day, the securities industry expects that the Device Solutions (DS) division, which is responsible for Samsung Electronics' semiconductor business, posted an operating profit of 700 billion to 1 trillion won, turning profitable for the first time in five quarters since the fourth quarter of 2022 (270 billion won).