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Samsung Q3 revenue expected to exceed KRW 75 trillion

Samsung Galaxy

On September 27, analysts expect that Samsung Electronics will release a strong third-quarter financial report driven by the semiconductor business, and revenue and operating profit are expected to increase significantly year on year.

The semiconductor business is promoted, analysts expect Samsung Electronics’ Q3 revenue to exceed KRW 75 trillion

Specifically, analysts expect Samsung Electronics’ third-quarter revenue to be 75.1 trillion won (approximately 412.299 billion yuan), an increase of 8.14 trillion from 66.96 trillion won in the same period last year, an increase of 12.2% year-on-year.

In terms of operating profit, analysts expect it to reach 16.3 trillion won (approximately 89.487 billion yuan), an increase of 3.95 trillion from 12.35 trillion won in the third quarter of last year, a year-on-year increase of 31.98%.

The third quarter revenue and operating profit forecasts of Samsung Electronics given by analysts are also higher than the previous quarter. In the second quarter of this year, Samsung Electronics’ revenue was 63.67 trillion won (about 349.548 billion yuan) and operating profit was 12.57 trillion won (about 69.009 billion yuan).

Analysts expect Samsung Electronics to have a strong performance in the third quarter, mainly due to the semiconductor business, Samsung Electronics is the world’s largest manufacturer of memory chips. Analysts expect that the operating profit of Samsung Electronics’ semiconductor business in the third quarter will reach approximately 10 trillion won (approximately 54.9 billion yuan), driven by the increase in memory chip prices and higher yields.

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