It is estimated that the operating profit of Q2 Samsung Electronics may increase by 38% to 11.3 trillion won in 2021
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Samsung Electronics will release its preliminary unaudited results for the second quarter on Wednesday. Analysts surveyed by refrinitiv now expect the company’s operating profit to increase by 38% to 11.3 trillion won (about $10 billion), a three-year high, thanks to the firm chip price, And the recovery of consumer demand for electronic products and data center investment triggered by the pandemic.
The strong performance of the South Korean technology giant, even though its smartphone shipments were lower than in the first quarter of this year, highlights the huge demand for chips, which has depleted inventories and filled capacity.
Analysts said the company’s chip division may benefit from the rise in memory chip prices, outperforming market expectations, while shipments also grow.
Profits in Samsung’s chip foundry and logic chip design businesses also improved, analysts said, in part because business at the storm hit Texas factory returned to normal.
They estimate that Samsung’s operating profit in the second quarter will grow by about 22% from a year earlier to 6.6 trillion won.
Samsung’s financial report: Q3 in 2018 Samsung’s profit was 15.4 billion US dollars, up 21% year on year. Samsung’s financial report: Q2 in 2018 Samsung’s net profit was 9.8 billion US dollars, flat year on year. Samsung’s financial report: Q4 in 2016 Samsung’s operating profit increased 50% year on year. Chip business performed well. Samsung’s R & D expenditure reached 16.5 billion US dollars in 2019. Samsung’s financial report: 2020 Q3 Samsung’s net profit is US $8.3 billion, up 48.9% year on year. Samsung’s financial forecast: Q2 Samsung’s revenue is expected to be US $43.6 billion in 2020, down 7.3% year on year. Samsung’s financial forecast: Q1 Samsung’s net profit will be US $3.9 billion in 2020, down 3% year on year. Samsung’s financial forecast: Q1 Samsung’s operating profit will be KRW 6.2 trillion in 2019, down 60.36% year on year Net profit of $4.9 billion fell for five consecutive quarters. Financial report of Samsung Electronics: operating profit of $7.8 billion in Q4 in 2016, a year-on-year increase of 50%. Financial report of Samsung Electronics: net profit of $4.7 billion in Q2 in 2020, a year-on-year increase of 7.2%. Financial report of Samsung Electronics: net profit of $7.6 billion in Q4 in 2019, a year-on-year decrease for the fifth consecutive quarter Samsung’s financial report: in 2014, Q3 Samsung’s operating profit was US $3.8 billion, down 59.7% year on year. It is estimated that in 2015, Q1 Samsung’s net profit will be US $5.44 billion, down 30.5% year on year
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