Samsung Posts 107.4 Trillion Won Q3 Operating Profit
Samsung Electronics reported preliminary third-quarter revenue of 195 trillion won and operating profit of 107.4 trillion won.
Samsung Electronics reported preliminary third-quarter revenue of 195 trillion won and operating profit of 107.4 trillion won, the company announced. The operating profit exceeded 100 trillion won in a single quarter for the first time for a Korean company.
Revenue rose 126.59% and operating profit rose 782.50% compared with the same quarter a year earlier.
Samsung's Device Solutions division drove the results, aided by HBM4 shipments for Nvidia's Vera Rubin platform.
The company will disclose division-level results and its future business outlook at its finalized earnings announcement and conference call later this month.
Background
In the previous quarter, Samsung posted operating profit of 89.4924 trillion won. The company has set record results for four consecutive quarters since the fourth quarter of last year, and its cumulative revenue for the first three quarters of this year exceeded 500 trillion won. In the third quarter, generic DRAM contract prices rose 13-18% from the previous quarter, according to TrendForce.
Quick answers
What were Samsung Electronics' preliminary third-quarter results?
Samsung reported preliminary third-quarter revenue of 195 trillion won and operating profit of 107.4 trillion won.
When will Samsung release its final third-quarter earnings?
Samsung will disclose division-level results and its future business outlook at its finalized earnings announcement and conference call later this month.
What drove Samsung's third-quarter results?
The Device Solutions division drove the results, aided by HBM4 shipments for Nvidia's Vera Rubin platform.