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Samsung introduced at the moment its earnings steering for Q1 2024, the place gross sales are anticipated to achieve between KRW 70 and 72 trillion ($51-$53 billion). The extra spectacular determine, nevertheless, is the working revenue – between KRW6.5 and 6.7 trillion (slightly below $5 billion) – ten instances extra in contrast with the revenue throughout the identical interval final yr.
| (all items in KRW / USD) |
Q1 2024 Earnings Steerage |
Q3 2023 | QoQ Change | Q1 2023 | YoY Change |
| Gross sales | 71 trillion / 52 billion |
67.78 trillion / 50.09 billion |
4.75% | 63.75 trillion / 47.11 billion |
11.3% |
| Working Revenue | 6.6 trillion / 5 billion |
2.82 trillion / 2.08 billion |
134% | 0.64 trillion / 470 million |
931% |
The huge bounce in revenue ought to come from elevated demand for high-bandwidth reminiscence (HBM) utilized in AI chipsets, reported Reuters. In line with an analyst who spoke with the company, stock valuation of NAND chips additionally might have improved, which might have an effect on margins as effectively.
There’s additionally the preliminary response to Galaxy S24’s on-device AI – whereas we do not have the complete particulars, we anticipate the higher gross sales of the flagship telephones additionally helped with revenue.
https://www.youtube.com/watch?v=Okay-JGaqfIOmI
The earnings steering is the ultimate estimate given by Samsung to the Korean authorities and regulators. The complete report will arrive on the final Thursday of this month, after we’ll get the complete breakdown of revenue and gross sales by division.
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