Samsung Electronics Q3 Operating Profit 2.43 Trillion Won... Semiconductor Loss 3.75 Trillion Won

On the 31st, Samsung Electronics announced its consolidated results for the third quarter of 2023 (July to September), reporting sales of 67.4 trillion KRW and an operating profit of 2.43 trillion KRW.

Sales increased by 12.3% compared to the second quarter of this year, reaching 67.4 trillion KRW, driven by the launch of new flagship smartphone models and expanded sales of premium display products. However, sales decreased by 12.21% compared to the same period last year.

Operating profit rose by 1.77 trillion KRW from the previous quarter to 2.43 trillion KRW, supported by a reduced deficit in the semiconductor (DS) division, steady sales of flagship smartphones, and increased demand for new products from key display customers. Nevertheless, this figure represents a 77.57% decline compared to the third quarter of last year.

Samsung Electronics had previously announced preliminary third-quarter results of sales around 67 trillion KRW and an operating profit of 2.4 trillion KRW.

By division, the Device Experience (DX) division, which includes home appliances and mobile, posted sales of 44.02 trillion KRW and an operating profit of 3.73 trillion KRW. The DS division, which has continued its quarterly losses, recorded sales of 16.44 trillion KRW and an operating loss of 3.75 trillion KRW, reducing its loss by 610 billion KRW compared to the second quarter’s loss of 4.36 trillion KRW.

Harman achieved its highest-ever quarterly performance with sales of 3.8 trillion KRW and an operating profit of 450 billion KRW, driven by expanded orders from automotive customers.

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