Samsung Electro-Mechanics Q3 Operating Profit Reaches 260.3 Billion Won, Up 15.7% Year-on-Year

Earnings Announcement: Revenue Reaches 2.889 Trillion Won
Revenue Up 10% and Operating Profit Up 16% Year-on-Year
Revenue Up 4% and Operating Profit Up 22% Quarter-on-Quarter
Expansion of High Value-Added Product Supply in AI and Automotive Electronics

Samsung Electro-Mechanics announced on October 29 that, on a consolidated basis, its operating profit for the third quarter of this year was provisionally tallied at 260.3 billion won, an increase of 15.7% compared to the same period last year. Revenue reached 2.889 trillion won, up 10.5% year-on-year. Net profit was 224.9 billion won, marking an 81% increase.

Samsung Electro-Mechanics Suwon Plant View. Samsung Electro-Mechanics

Regarding its performance, Samsung Electro-Mechanics explained that increased demand for high value-added products such as those for artificial intelligence (AI), automotive electronics, and servers led to expanded supply of industrial and automotive multilayer ceramic capacitors (MLCCs) and semiconductor package substrates for servers (FCBGA). As a result, both revenue and operating profit grew compared to the same period last year and the previous quarter. The company also forecasted that robust demand for high value-added products in automotive electronics and AI will continue in the upcoming fourth quarter.

Samsung Electro-Mechanics plans to further expand the supply of products such as MLCCs for AI servers and ADAS, as well as FCBGA for AI accelerators. In addition, the company aims to increase the number of approved high value-added product models for global big tech customers and will focus on diversifying its new customer base.