Ban·Di·Phone Boom... Samsung Electronics Posts Record Q3 Revenue of 73.98 Trillion Won (Update)

Operating Profit 15.82 Trillion Won... Second Highest Ever
Semiconductor Operating Profit 10.06 Trillion Won... 64% of Total

The Samsung flag is fluttering in the wind in front of the Samsung Electronics Seocho building. Photo by Mun Ho-nam munonam@

[Asia Economy Reporters Heungsun Kim, Hyunjin Jung] Samsung Electronics, buoyed by the semiconductor business boom, recorded sales exceeding 70 trillion won for the first time ever in the July-September quarter this year.

Samsung Electronics announced on the 28th that it posted consolidated sales of 73.98 trillion won and operating profit of 15.82 trillion won in the third quarter of this year. These figures represent increases of 10.48% and 28.04%, respectively, compared to the same period last year.

Samsung Electronics explained that sales reached an all-time high thanks to strong performance in its core businesses such as memory, OLED (organic light-emitting diode) displays, and foldable smartphone sales. This is nearly 1 trillion won higher than the 73 trillion won sales announced in the preliminary results earlier this month. Additionally, the company set a new record for the highest sales for the third consecutive quarter. Accordingly, the company expects to achieve an all-time high annual sales record, significantly surpassing the previous peak set in 2018.

Operating profit also recorded the second-highest figure ever, driven by continued strong memory market conditions, improved performance in the components business including foundry and display sales expansion, and steady growth in the set (finished product) business.

The semiconductor division led the strong performance with third-quarter sales of 26.41 trillion won and operating profit of 10.06 trillion won. Semiconductor sales marked a record high, surpassing the 24.8 trillion won recorded in the third quarter of 2018. Operating profit increased by more than 5 trillion won compared to the third quarter of last year (5.54 trillion won) and exceeded 10 trillion won for the first time in 12 quarters since the third quarter of 2018 (13.7 trillion won). This accounts for 64% of Samsung Electronics’ total operating profit in the third quarter.

The display division posted third-quarter sales of 8.86 trillion won and operating profit of 1.49 trillion won. The IM (IT & Mobile) division recorded third-quarter sales of 28.42 trillion won and operating profit of 3.36 trillion won, while the Consumer Electronics (CE) division posted third-quarter sales of 14.1 trillion won and operating profit of 760 billion won.

Capital expenditure in the third quarter was 10.2 trillion won, with 9.1 trillion won allocated to semiconductors and about 700 billion won to displays. The cumulative capital expenditure for the first three quarters reached 33.5 trillion won, with 30 trillion won for semiconductors and 2.1 trillion won for displays.

Meanwhile, Samsung Electronics’ board of directors resolved on the same day to pay a quarterly cash dividend of 361 won per share for both common and preferred stocks.

This content was produced with the assistance of AI translation services.