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Here you will find the latest news and most recent developments on the Earnings, with regular updates and all the information you need.
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 […]
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 […]
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 […]
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). […]
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 […]
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 […]
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% […]
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 […]
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 […]
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, […]
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 […]
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) […]
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 […]
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 […]
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 […]