Breaking News Samsung Electronics Semiconductor defends its 2Q earnings deterioration… record-breaking sales

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Samsung Electronics announced on the 28th that it recorded 77.2 trillion won in sales and 14.1 trillion won in operating profit in the second quarter. Sales and operating profit increased by 21.25% and 12.18%, respectively, compared to the same period last year. Compared to the previous quarter, sales decreased by 0.74% and operating profit decreased by 0.17%.

Samsung Electronics explained that it achieved the second-highest quarterly sales in its history despite difficult business conditions such as inflation and supply chain issues. This is the highest sales record for the whole of the second quarter.

It is analyzed that semiconductors have defended the deterioration of earnings. Globally, semiconductor shortage (supply shortage) continued until the second quarter. It is known that demand for servers such as data centers has increased while demand for PC and mobile sectors has decreased. The DS (semiconductor) division recorded the highest quarterly sales following the previous quarter by actively responding to server demand and expanding the supply of system semiconductors. Foreign exchange gains were also made due to the appreciation of the won-dollar exchange rate.

However, the operating profit of the DX (device experience) division, which encompasses mobile and home appliances, decreased due to macroeconomic issues such as increased material and logistics costs and negative reception.

Reporter Jung Ji-eun jeong@hankyung.com

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