On April 7th, according to reports from foreign media, Samsung Electronics, which typically provides performance guidance a few days after the end of each quarter, has released its first-quarter performance guidance. They anticipate both year-on-year and quarter-on-quarter growth in revenue and expect a significant increase in operating profit.
Based on the performance guidance provided by Samsung Electronics on their official website, they expect first-quarter revenue to be around 71 trillion Korean won, equivalent to approximately $525 billion USD. Operating profit is projected to be close to 66 trillion Korean won, approximately $48.84 billion USD.
In the first quarter of last year, Samsung Electronics reported revenue of 63.75 trillion Korean won, lower than the first quarter of 2022 which was 77.78 trillion won, and operating profit of 6.4 trillion Korean won, significantly lower than the 14.12 trillion won in the first quarter of 2022.
In the fourth quarter of last year, Samsung Electronics reported revenue of 67.78 trillion Korean won, slightly higher than the previous quarter but still lower than the 70.46 trillion won in the fourth quarter of 2022. Operating profit for the fourth quarter of last year was 2.82 trillion Korean won, also lower than the same period the previous year (4.31 trillion won) but slightly higher than the third quarter of last year (2.43 trillion won).
Samsung Electronics’ first-quarter financial report is typically released in late April, at which time the specific revenue and operating profit figures will be disclosed, along with gross profit, net profit, and revenue and operating profit for major business segments.