"Semiconductors Drive Growth"…Samsung Electronics Posts 77 Trillion KRW in Q2, Second Highest Ever (Update)

[Image source=Yonhap News]

[Asia Economy Reporter Yoo Hyun-seok] Samsung Electronics recorded the highest Q2 sales and the second-highest quarterly sales ever despite challenging business conditions such as inflation and supply chain issues.

On the 28th, Samsung Electronics announced that its consolidated sales for Q2 reached 77.2 trillion KRW, with an operating profit of 14.1 trillion KRW. This represents an increase of 21.25% and 12.18%, respectively, compared to the same period last year.

The DS division drove growth by actively responding to strong server demand and expanding system semiconductor supply, setting a new record for the highest quarterly sales following the previous quarter. The DX division also saw a significant year-on-year increase in sales due to strong premium smartphone sales and robust seasonal home appliance sales such as air conditioners.

Operating profit in the DX division declined due to macroeconomic issues such as increased material and logistics costs and negative foreign exchange impacts. However, overall profits remained at the same level as the previous quarter. A company official explained, "Operating profit margin slightly increased compared to the previous quarter as performance improved across all DS division businesses," adding, "Compared to the same period last year, operating profit increased by 1.53 trillion KRW, or 12%, mainly driven by the DS division."

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