Samsung Electronics announced a monumental first quarter, with operating profit soaring by an astounding 756.1 percent year-on-year to reach 57.23 trillion won ($38.5 billion). This marks a new quarterly high for the tech giant, primarily fueled by the exceptional performance of its semiconductor business.
The company’s financial results for the January-March period significantly surpassed market expectations. Total revenue climbed 69.2 percent year-on-year to an impressive 133.87 trillion won, while net profit dramatically rose 474.3 percent to 47.23 trillion won, as detailed in its regulatory filing. Financial data provider FnGuide had estimated consensus sales at 117.13 trillion won and operating profit at 38.12 trillion won, underscoring Samsung’s robust overperformance.
Both revenue and operating profit established new records for any single quarter in Samsung’s history. These figures not only set new benchmarks but also comfortably exceeded the previous quarter’s records of 93.84 trillion won in revenue and 20.07 trillion won in operating profit, highlighting sustained growth momentum.
The **Device Solutions division**, encompassing Samsung’s critical semiconductor operations, emerged as the dominant force, posting 81.7 trillion won in revenue and a substantial 53.7 trillion won in operating profit. This powerful performance from the chip division was the primary catalyst behind Samsung Electronics’ record-breaking quarterly earnings.
Meanwhile, the **Device eXperience division**, responsible for Samsung’s extensive portfolio of finished products including cutting-edge smartphones, smart TVs, and innovative home appliances, contributed significantly with 52.7 trillion won in revenue and 3 trillion won in operating profit.
Further contributing to the conglomerate’s success, **Samsung Display** recorded 6.7 trillion won in revenue and 400 billion won in operating profit. Additionally, Harman International, the automotive solutions affiliate of Samsung Electronics, reported 3.8 trillion won in revenue and 200 billion won in operating profit, showcasing diversification in revenue streams.
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