Samsung Electronics Posts 89 Trillion Won in Quarterly Operating Profit, Surpassing Combined Earnings of Past 3 Years

[Anchor]

Samsung Electronics has announced that its operating profit for the second quarter exceeded 89 trillion won. This single quarter's earnings surpass the total profit from the past three years combined. The figure also breaks all-time records previously held by global big tech companies such as Nvidia and Apple.

Reporter Min Gyeongho has the story.

[Reporter]

Samsung Electronics recorded 171 trillion won in revenue and 89.4 trillion won in operating profit for the second quarter of this year.

Compared to the same period last year, revenue more than doubled, and operating profit surged by 1,810%, exceeding market expectations.

This figure even surpasses the combined operating profit from the three years between 2023 and last year.

Notably, the operating profit figure excludes approximately 17 trillion won in provisions for performance bonuses, leading to assessments that Samsung Electronics' actual quarterly operating profit effectively reached 106 trillion won.

The company has shattered the all-time quarterly operating profit records of Nvidia and Apple. Only Saudi Aramco, the state-owned oil company of Saudi Arabia, has recorded a higher figure, with 132 trillion won in the second quarter of 2022 during the war in Ukraine.

Analysts attribute this performance to the deepening semiconductor supply shortage driven by continuous global investment in AI infrastructure, coupled with strong memory prices. The prevailing view in the industry is that this trend will continue at least until next year.

However, the finished product business division appears to have remained sluggish, as it continues to face cost burdens due to rising prices of components such as semiconductors.

Meanwhile, in the stock market, the company's shares opened lower and closed at 296,000 won, down 6.92%.

As SK Hynix, the other pillar of the semiconductor industry, also saw its shares fall, the KOSPI index once triggered a circuit breaker and closed at 7,656.

(Video Editing: Kim Hojin)
※ Please note: This article was translated by AI and may contain errors.