Samsung has launched its monetary steering for the second quarter of 2024, displaying a big uptick in income. The Korean firm additionally reported gross sales of roughly KRW 74 trillion, a 23% enhance in comparison with the identical interval final yr.
The working revenue is anticipated to be KRW 10.4 trillion, which is fifteen instances greater than April-June 2023.
| (all items in KRW / USD) |
Q2 2024 Earnings Steering |
Q1 2024 | QoQ Change | Q2 2023 | YoY Change |
| Gross sales | 74 trillion / 53.5 billion |
71.92 trillion / 52.06 billion |
2.9%% | 60 trillion / 46 billion |
23% |
| Working Revenue | 10.4 trillion / 7.53 billion |
6.61 trillion / 4.78 billion |
57% | 0.6 trillion / 455 million |
1633% |
Nonetheless, this dramatic enhance is barely deceptive. 2023 was a difficult yr for Samsung attributable to declining chip demand. Whereas customers and producers have shifted away from chips for graphics playing cards, they’re now specializing in the rising pattern of AI.
Firms are creating AI-powered units and servers that require extra computing energy, and Samsung provides the required semiconductors. A comparability with 2022, earlier than the numerous dip, reveals that gross sales and revenue at the moment are throughout the identical vary.
In keeping with analysis by TrendForce, quoted by Reuters, reminiscence chip costs surged by 13-18% in only one quarter.
Analysts predict that high-end chips (HBM) and SSDs will lead the market in 2024, although Samsung has been trailing behind fellow Korean producer SK Hynix in supplying HBM to key clients like Nvidia.
Supply | Through