Samsung Electronics Posts Record High Operating Profit of 28 Trillion KRW in First Half (Comprehensive)

Q2 Sales of 77 Trillion and Operating Profit of 14 Trillion Achieved
Semiconductor Hero Role Shines
First Half Sales and Operating Profit Reach All-Time High

[Asia Economy Reporter Yoo Hyun-seok] Samsung Electronics recorded sales of 77 trillion won and operating profit of 14 trillion won in the second quarter of this year. Despite difficult management conditions such as inflation and supply chain issues, it achieved the highest performance for the second quarter.

On the 28th, Samsung Electronics announced that its consolidated sales for the second quarter reached 77.2 trillion won, and operating profit was 14.1 trillion won. This represents increases of 21.25% and 12.18%, respectively, compared to the same period last year. Although the sales did not reach the record high of 77.78 trillion won in the first quarter, it was the highest sales ever recorded for the second quarter. Operating profit was the third highest ever for the second quarter.

Specifically, the DS division led Samsung Electronics' performance with sales and operating profit of 28.5 trillion won and 9.98 trillion won, respectively. Most of the total operating profit came from semiconductors. Memory improved its performance compared to the previous quarter and the same period last year due to proactive market forecasting, strong server demand response, profitability-focused sales strategies maintaining prices, and the strong dollar.

The system semiconductor segment recorded a 61% increase in profit compared to the previous quarter, achieving the highest quarterly profit ever, thanks to expanded supply to global customers and the foundry's advanced process yield entering a normal trajectory. Additionally, Samsung strengthened its technological competitiveness through the world's first mass production of the 3-nanometer Gate-All-Around (GAA) process and supply of 200-megapixel image sensors.

The SDC (Display) division recorded sales of 7.71 trillion won and operating profit of 1.06 trillion won in the second quarter. Despite the smartphone off-season, demand for flagship models from major customers continued, achieving the highest quarterly sales and operating profit for the second quarter in the small and medium panel segment. However, the large panel segment's performance continued to decline due to initial costs of QD displays and falling LCD panel prices.

The DX division recorded sales of 44.46 trillion won and operating profit of 3.02 trillion won in the second quarter. MX (Mobile Experience) saw a decrease in profit compared to the previous quarter due to rising costs and negative foreign exchange effects. However, sales increased compared to the same period last year as component supply improved and premium new models such as the Galaxy S22 and Galaxy Tab S8 series saw increased sales.

The network segment saw a slight increase in sales compared to the previous quarter by steadily progressing contracted projects. New orders continued, including being selected as a major supplier of 5G communication equipment for DISH Network in the U.S. The video display segment experienced a decline in profit due to decreased global TV demand and increased sales costs. However, it strengthened market leadership focusing on premium products such as Neo QLED and Lifestyle TVs.

Home appliances saw a decrease in profit due to continued cost burdens. However, thanks to the global expansion of Bespoke and the entry into the air conditioner peak season, it achieved the highest quarterly sales for the second consecutive quarter.

Accordingly, Samsung Electronics achieved total sales of 154.98 trillion won and operating profit of 28.22 trillion won in the first half of this year, marking the highest first-half performance ever.

Meanwhile, Samsung Electronics' board of directors resolved to pay a quarterly cash dividend of 361 won per common and preferred share on the same day, totaling approximately 2.4522 trillion won.

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