Samsung Electronics Posts Record Q3 Semiconductor Sales of 26.4 Trillion Won (Comprehensive)

Driving Near 74 Trillion Won in Total Sales Record
Operating Profit Surpasses 10 Trillion Won in 12 Quarters... 64% of Total

[Asia Economy Reporter Kim Heung-soon] Samsung Electronics achieved sales exceeding 26 trillion KRW and an operating profit of 10 trillion KRW from its semiconductor business alone in the third quarter of this year. This is the highest sales ever, surpassing the third quarter of 2018, which was a semiconductor boom period. The semiconductor division's operating profit also exceeded 10 trillion KRW for the first time in 12 quarters. Accordingly, Samsung Electronics' total sales for the third quarter approached 74 trillion KRW, setting a new record.

Samsung Electronics announced on the 28th that it recorded consolidated sales of 73.98 trillion KRW and an operating profit of 15.82 trillion KRW in the third quarter of this year. Compared to the same period last year, sales increased by 10.48% and operating profit by 28.04%. Sales rose by nearly 1 trillion KRW compared to the preliminary results of 73 trillion KRW announced earlier this month.

Samsung Electronics explained that sales reached an all-time high thanks to strong performance in its core businesses, including memory semiconductors, OLED displays, and foldable smartphone sales. The company expects to set an all-time high annual record, significantly surpassing the previous maximum sales of 243.78 trillion KRW in 2018. Operating profit is also the second highest ever since the third quarter of 2018 (17.57 trillion KRW).

The semiconductor sector led the strong performance. With sales of 26.41 trillion KRW in the third quarter, it set a record surpassing the 24.8 trillion KRW in the third quarter of 2018. Operating profit was 10.06 trillion KRW, accounting for 64% of Samsung Electronics' total operating profit in the third quarter. This figure increased by more than 5 trillion KRW compared to the third quarter of last year (5.54 trillion KRW) and surpassed 10 trillion KRW for the first time in 12 quarters since the third quarter of 2018 (13.7 trillion KRW).

Among other businesses outside semiconductors, the IM (IT & Mobile) division, responsible for smartphones, showed remarkable results. Thanks to the success of new foldable phone models such as the Galaxy Z Fold3 and Galaxy Z Flip3, it recorded sales of 28.42 trillion KRW and an operating profit of 3.36 trillion KRW. Additionally, the CE (Consumer Electronics) division posted third-quarter sales of 14.1 trillion KRW and an operating profit of 760 billion KRW, while the Display division recorded sales of 8.86 trillion KRW and an operating profit of 1.49 trillion KRW.

Meanwhile, Samsung Electronics' board of directors resolved on the same day to pay a quarterly cash dividend of 361 KRW per share for both common and preferred stocks. The total dividend amount is 2.4521536 trillion KRW.

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