Latest Earnings news

Samsung’s profits decline by a massive 95% on weak chip demand

The global semiconductor demand has remained weak over the past year and that has significantly affected Samsung's ability to turn a decent profit. The firm's semiconductor division is its biggest cash cow and when it's under pressure, the effects are visible on the company's bottom line. Samsung has announced its Q1 2023 earnings today and […]

By Adnan Farooqui
12 months ago

Samsung reports lowest profit in 14 years as chip demand wanes, but there’s good news

Samsung has announced its earnings estimates for Q1 2023. The company expects its operating profit to nosedive by 96% compared to Q1 2022 as the demand for semiconductor chips has waned in the past few months. Moreover, consumers have been buying fewer home appliances as there is a fear of a global economic recession. The […]

By Asif Iqbal Shaik
1 year ago

Samsung announces Q4 2022 earnings, profit hits eight-year low

Earlier this month, Samsung published its earnings guidance for Q4 2022. In line with those numbers, the company has published its final Q4 2022 and FY 2022 results. The company's profit has been the lowest in eight years, and that is due to the continued global economic downturn, rising costs, and lower demand for smartphones […]

By Asif Iqbal Shaik
1 year ago

Samsung’s profit nosedives 70% in Q4 2022 due to low chip, smartphone sales

Samsung has tough times ahead, similar to many other consumer electronic firms, including Apple. The South Korean firm announced its earnings guidance for Q4 2022, and according to the company's internal estimates, its operating profit would be around KRW 4.3 trillion (around $3.37 billion) from total revenue of around KRW 70 trillion (around $55 billion). […]

By Asif Iqbal Shaik
1 year ago

Samsung profits could hit their lowest point in six years this quarter

No business is immune to the global macroeconomic environment and despite being sufficiently diversified, Samsung isn't insulated from the challenges either. The company's recent quarterly results have reflected the challenges that it continues to face in the market. There's consensus among experts that it's only going to get worse before it gets better. Samsung is […]

By Adnan Farooqui
1 year ago

Samsung SDI achieves record-high profits in Q3 2022, thanks to robust EV battery sales

Samsung SDI, Samsung's battery manufacturing business arm, reported its earnings for Q3 2022. The company said it achieved record-high operating profit in Q3 2022 as the demand for its secondary batteries, used in electric vehicles, soared. The company's sales during the quarter ending September 2022 were around KRW 5.37 trillion (around $3.79 billion), a 56.1% jump […]

By Asif Iqbal Shaik
1 year ago

Samsung’s quarterly profit declined in Q3 2022, first time in three years

After choosing Lee Jae-yong as its Executive Chairman, Samsung Electronics announced its earnings for Q3 2022. Earlier this month, the company revealed that its operating profit is expected to decline. Now, the company has reported its full earnings, revealing its first operating profit decline in three years. Although Samsung Electronics' revenue was up by 4% […]

By Asif Iqbal Shaik
1 year ago

Samsung expects its Q3 2022 profit to drop by 31.7%, its first profit drop in three years

Samsung Electronics announced its Q3 2022 preliminary earnings guidance today. The South Korean firm expects its consolidated revenue to be around KRW 76 trillion (around $) and its operating profit to be approximately KRW 10.8 trillion (around $). Although the company's revenue has increased by 2.73%, its operating profit has declined by 31.7% year-over-year. This […]

By Asif Iqbal Shaik
2 years ago

Despite slowing smartphone sales, Samsung achieves its best ever Q2 profit since 2018

After revealing its earnings guidance a few days ago, Samsung announced its earnings for Q2 2022 earlier today. The company said that its revenue was KRW 77.2 trillion (around $59.1 billion), its best ever for second-quarter figures. The South Korean firm's revenue was a 21% improvement compared to Q2 2021. The company's Q2 2022 profit […]

By Asif Iqbal Shaik
2 years ago

Samsung could achieve its best Q2 profit in four years as chip business improves

Samsung Electronics is estimated to reach its best Q2 profit in four years. The South Korean firm has estimated its operating profit to stand at KRW 14 trillion (around $11 billion) for the April 2022 – June 2022 period. The profit is up by 11.38% compared to last year, according to the survey by Yonhap Infomax, […]

By Sagar Naresh
2 years ago

Samsung’s Q1 2022 profit jumps 51%, thanks to strong chip and smartphone sales

Earlier this month, Samsung had posted its revenue estimates for Q1 2022. Today, the company published actual earnings for the first quarter of the year, and the results have been nothing short of amazing. The company's revenue rose 18%, while the operating profit jumped 51% compared to Q1 2021. Samsung revealed that its revenue during […]

By Asif Iqbal Shaik
2 years ago

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

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) […]

By Asif Iqbal Shaik
2 years ago

Samsung SDI profit rises 14.6% as EV car sales increase worldwide

Earlier today, Samsung Electronics unveiled its Q4 2021 earnings. Now, Samsung SDI, the South Korean tech giant's battery-making arm, has published its quarterly results. The company's net profit increased by 14.6% compared to Q4 2020, thanks to solid electric vehicle sales across the world. Samsung SDI's Q4 2021 sales increased to KRW 3.81 trillion (around […]

By Asif Iqbal Shaik
2 years ago

Samsung’s Q4 2021 profit reaches four-year high, thanks to strong chip demand

A few days ago, Samsung had revealed its earnings estimates for the fourth quarter of 2021. Earlier today, the company published its final earnings report. Thanks to solid semiconductor chip sales and slightly higher smartphone sales, the South Korean firm's operating profit reached a four-year Q4 high. Samsung Electronics‘ Q4 2021 revenue reached KRW 76.57 […]

By Asif Iqbal Shaik
2 years ago

Samsung posts record quarterly revenue in Q3 2021, thanks to chips, foldables, and OLED displays

Earlier this month, Samsung had announced that it is expecting the highest-ever quarterly revenue during Q3 2021. Today, the company revealed its final financial numbers for the quarter. It reported the highest-ever quarterly revenue and the highest operating profit over the past three years, thanks to robust sales of semiconductor chips and foldable phones. Samsung's […]

By Asif Iqbal Shaik
2 years ago

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