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Samsung estimates Q2 operating profit up 1,452% YoY to $7.54B, and revenue up 23% YoY to ~$53.7B, as chip prices keep rising

Samsung Electronics (005930.KS) estimated on Friday a more than 15-fold rise in its second-quarter operating profit, as rebounding semiconductor prices driven …

Reuters

Discussion

  • @trengriffin Tren Griffin on x
    “During the second quarter, memory chip prices jumped by about 13% to 18% versus the previous quarter for DRAM chips used in tech devices and 15% to 20% for NAND Flash chips used for data storage.” https://www.yahoo.com/...
  • @yoolimleenews Yoolim Lee on x
    Samsung' operating profit grew 15-fold to 10.4t won ($7.5b) in its preliminary results for 2Q, outstripping market projections. Sales grew 23%. Co. will report full results with divisional breakdowns July 31. https://www.bloomberg.com/... 출처 @technology
  • @samkimreports Sam Kim on x
    Samsung reports $7.5 billion in operating profit for the second quarter, soundly beating Bloomberg's consensus of $5.2 billion. Its share price is up 1.4% as soon as the stock market opens. [image]