Samsung guidance reveals spike in Q2 profit as AI chip market grows

Samsung has released its financial guidance for the second quarter of 2024, showing a significant uptick in profits. The Korean company also reported sales of approximately KRW 74 trillion, a 23% increase compared to the same period last year.

The operating profit is expected to be KRW 10.4 trillion, which is fifteen times higher than April-June 2023.

(all units inKRW / USD)
Q2 2024Earnings Guidance
Q1 2024
QoQ Change
Q2 2023
YoY Change

Sales
74 trillion /53.5 billion
71.92 trillion /52.06 billion
2.9%%
60 trillion /46…

​ Samsung has released its financial guidance for the second quarter of 2024, showing a significant uptick in profits. The Korean company also reported sales of approximately KRW 74 trillion, a 23% increase compared to the same period last year.

The operating profit is expected to be KRW 10.4 trillion, which is fifteen times higher than April-June 2023.

(all units inKRW / USD)
Q2 2024Earnings Guidance
Q1 2024
QoQ Change
Q2 2023
YoY Change

Sales
74 trillion /53.5 billion
71.92 trillion /52.06 billion
2.9%%
60 trillion /46…   Read More GSMArena.com – Latest articles