SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung likely to post 50% higher operating profit for Q1 2022

Business
By 

Last updated: April 7th, 2022 at 07:36 UTC+02:00

Samsung announced its Q1 2022 earnings estimates earlier today. Thanks to solid gains through semiconductor chip and smartphone sales, the South Korean tech giant expects to post its highest Q1 earnings since 2018.

In its earnings guidance, the company said that it expects its revenue to reach up to KRW 78 trillion (around $64 billion) and operating profit to reach KRW 14.1 trillion (around $11.5 billion). The revenue is up by 17.7%, and its operating profit is around 50.3% higher compared to Q1 2021. The company’s income estimates beat the market consensus, which was around KRW 13.2 trillion.

Compared to Q4 2021 figures, where Samsung’s revenue was KRW 76.57 trillion and operating profit was KRW KRW 13.87 trillion, the company sales increased by 1.66% and profit increased by 0.56%. The semiconductor business is expected to bring KRW 25 trillion in sales and KRW 8 trillion in operating profit.

The company did not break down its earnings, but it is expected to reveal detailed figures sometime later this month. Apart from its chip business, Samsung’s high-end TVs, home appliances, and smartphones appear to have done well in Q1 2022. Sales of the Galaxy S22 series reached a record high in the past few years and pre-orders were doubled compared to the Galaxy S21 series.

Analysts expect the company’s growth to be stable for the remainder of the year as chip prices are expected to rebound. Samsung will likely not be affected by geopolitical factors like the ongoing Russia-Ukraine war. The company seems to have a diversified raw material supply chain, and its factory in Russia appears to be working normally.

Join SamMobile’s Telegram group and subscribe to our YouTube channel to get instant news updates and in-depth reviews of Samsung devices. You can also subscribe to get updates from us on Google News and follow us on Twitter.

Business EarningsSamsung DisplaySamsung DXSamsung ElectronicsSamsung FoundrySamsung MXSamsung SDISamsung SemiconductorSystem LSI
Load 3 comments

You might also like

Samsung’s new OLED technology can help make truly bezel-less pho …

Samsung Display, the world’s best OLED panel manufacturer for smaller devices, has developed a new techn …

  • By Asif Iqbal Shaik
  • 9 hours ago

Samsung unveils ISOCELL HP3, its second 200MP camera sensor

After launching its first 200MP camera sensor for smartphones ten months ago, Samsung has unveiled its second …

  • By Asif Iqbal Shaik
  • 12 hours ago

Samsung to push 3nm chipsets into mass-production next week

Samsung is reportedly days away from announcing that it is ready to mass-manufacture 3nm semiconductors. In tu …

  • By Mihai Matei
  • 1 day ago

Top Korean court rules Samsung Display didn’t steal OLED tech fr …

Samsung is no stranger to lengthy legal battles and the company’s display affiliate has just scored a ma …

  • By Adnan Farooqui
  • 3 days ago

Samsung Display to supply Apple with 80 million iPhone 14 OLED panels

Samsung Display will have tens of millions of OLED orders to fulfill for Apple later this year. The latter com …

  • By Mihai Matei
  • 3 days ago

Samsung rival TSMC building four new 3nm semiconductor chip plants

Since the world’s reliance on technology and computing is increasing each day, semiconductor chips are i …

  • By Asif Iqbal Shaik
  • 3 days ago