Samsung Electronics' First Quarterly Operating Profit of 20 Trillion...Sales are also the highest ever

*This content was translated by AI.

Samsung Electronics achieved an "earnings surprise" (surprise performance) of 20 trillion won in operating profit in the fourth quarter of last year, the first among Korean companies and the largest since its foundation. Sales also hit 93 trillion won, the highest quarterly sales ever, opening the era of "90 trillion won."

Samsung Electronics is estimated to have posted up to 17 trillion won in operating profit in its flagship semiconductor business alone, driving its biggest earnings increase ever.

Samsung Electronics announced on the 8th that its consolidated sales and operating profit of KRW 93 trillion and KRW 20 trillion in the fourth quarter of last year were estimated to have increased 22.7% and 208.2% year-on-year, respectively. Operating profit broke the record for the largest quarterly operating profit in more than seven years since the third quarter of 2018 (17.57 trillion won), when the memory supercycle arrived, and sales also reached a record high.

It is the first time since its foundation that Samsung Electronics has surpassed 20 trillion won in operating profit and 90 trillion won in sales. Last year's cumulative annual operating profit was 43.53 trillion won, the fourth highest ever. Overall annual sales amounted to 332.77 trillion won, breaking the all-time record in three years since 2022 (302.23 trillion won).

Samsung Electronics' biggest quarterly performance is interpreted as a result of a dramatic improvement in the performance of its memory semiconductor division. Although the performance of each division was not disclosed on this day, the securities industry believes that it made an operating profit of KRW 16 trillion to KRW 17 trillion only in the device solution (DS) sector, which is in charge of the semiconductor business.

Jeon Young-hyun, vice chairman of Samsung Electronics' semiconductor division, expressed confidence in restoring semiconductor competitiveness in his recent New Year's address, saying, "It is the only semiconductor company in the world that can provide a 'one-stop solution' from logic to memory, foundry, and fleet packaging." Regarding HBM4 (6th generation high-bandwidth memory), he emphasized, "We have secured differentiated competitiveness."

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*This content was translated by AI.