Samsung Electronics’ operating profit will reach 14.0 trillion won in Q2 2022, with a year-on-year increase of 11.4% From Samsung Electronics financial report

The following is the Samsung Electronics’ operating profit will reach 14.0 trillion won in Q2 2022, with a year-on-year increase of 11.4% From Samsung Electronics financial report recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report.

Samsung Electronics said recently that the company has basically overcome the challenges of global supply chain bottlenecks, and its operating profit in the second quarter of this year is expected to increase by 11.4% year-on-year. Samsung Electronics said that its operating profit in the second quarter would reach 14.0 trillion won (about US $10.7 billion), an increase of 11.4% year-on-year. The revenue is expected to reach 77.0 trillion won, an increase of 20.9% year-on-year.

Data map (from: Samsung newsroom)

Analysts said that as the world’s top manufacturer of memory chips, smartphones and TVs, strong demand for memory chips and many other positive factors will promote Samsung Electronics to achieve profit growth in the second quarter.

Investors reacted positively to the news and pushed Samsung Electronics’ share price up 2.8% in early trading today.

Nevertheless, the performance of Samsung Electronics in the second quarter was worse than that in the first quarter. Based on the preliminary results released today, Samsung Electronics’ operating profit in the second quarter will decline by 0.9% month on month, while its revenue will decline by 1.0%.

In the first quarter of this year, Samsung Electronics’ revenue was 77.78 trillion won (about US $61.4 billion). The operating profit was 14.12 trillion won, while the net profit was 11.13 trillion won (about US $8.79 billion).

At present, competitors such as Samsung Electronics and TSMC are competing to increase semiconductor production to help fill the global semiconductor shortage.

Today, Samsung Electronics is spending $17billion to build a factory near Austin, Texas, and plans to put it into production in the second half of 2024.

In terms of manufacturing technology, Samsung Electronics said last week that it had begun mass production of 3-nanometer chips at its semiconductor plant in southern Seoul, becoming the first company to reach this milestone.

TSMC said that its 3-nanometer technology will start mass production in the second half of this year, and it will start producing ultra advanced 2-nanometer chips by 2025.

Read more from Sina Finance: Samsung Electronics financial report: in Q2 2018, Samsung Electronics’ net profit was $9.8 billion, flat year-on-year. Samsung Electronics financial report: in 2020, Q3, Samsung Electronics’ net profit was $8.3 billion, up 48.9% year-on-year. Samsung Electronics financial report: in 2020, Q1, Samsung Electronics’ net profit was $3.9 billion, down 3% year-on-year. Samsung Electronics financial report: in 2019, Samsung Electronics’ operating profit was 6.2 trillion won, down 60.36% year-on-year. Samsung Electronics financial report: in 2018, Q3, Samsung Electronics’ profit Samsung Electronics’ financial report: in Q4 2016, Samsung Electronics’ operating profit increased by 50% year-on-year, and the chip business performed strongly. Samsung Electronics’ financial report Outlook: it is expected that Samsung Electronics’ revenue in Q2 2020 will be $43.6 billion, with a year-on-year decrease of 7.3%. Samsung Electronics’ financial report: Q4 Samsung Electronics’ net profit in 2021 will be $9 billion, with a year-on-year increase of 64%. Samsung Electronics’ financial report: Samsung storage chip revenue in 2021 will exceed $60billion, with a year-on-year surge of 31%. Samsung Electronics’ financial report: Q2 2015 Samsung Electronics’ net profit fell for five consecutive quarters of $4.9 billion. Samsung Electronics’ financial report: in Q4, 2018, Samsung Electronics’ profit fell by 30.9% year-on-year. Samsung Electronics’ financial report: in Q2, Samsung Electronics’ net profit was $4.7 billion, up 7.2% year-on-year. Samsung Electronics’ financial report: in 2016, Q4, Samsung Electronics’ operating profit was $7.8 billion, up 50% year-on-year. Samsung Electronics’ financial report: in 2019, Q4, Samsung Electronics’ net profit fell for the fifth consecutive quarter year-on-year. Samsung Electronics’ financial report: 2021 In Q2, Samsung Electronics’ net profit was $8.2 billion, an increase of 72% year-on-year

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