Samsung Electro-Mechanics Posts Record Q3 Operating Profit of 691 Billion Won

Samsung Electro-Mechanics announced today (October 28) that it posted a consolidated revenue of 3.7633 trillion won and an operating profit of 691 billion won for the third quarter of this year.

Compared to the same period last year, revenue increased by 30% and operating profit surged by 165%.

Both revenue and operating profit mark the highest quarterly figures in the company's history.

Samsung Electro-Mechanics explained, "The earnings growth was driven by the expansion of sales across all applications in the Component Business Unit centered on artificial intelligence (AI) products, sales growth of semiconductor substrates (FCBGA) for AI data centers and automotive applications, and increased supply of camera modules for next-generation global electric vehicle (EV) platforms."

Looking by business division, the Component Business Unit posted a third-quarter revenue of 1.883 trillion won, up 36% from the same period last year.

Sales expanded, driven primarily by multi-layer ceramic capacitors (MLCCs) for AI data centers, including servers, networks, and power systems.

The Package Solutions Business Unit recorded a revenue of 939 billion won, a 58% increase compared to the same period last year.

This was driven by an increased supply of high-value FCBGAs for server central processing units (CPUs), AI accelerators, and network equipment.

The Optical Solutions Business Unit posted a revenue of 941.3 billion won, a 3% increase from the same period last year.

The new mass production of 200-megapixel folded zoom cameras and the expanded supply of camera modules for foldable phones and electric vehicles contributed to the earnings improvement.

Samsung Electro-Mechanics projected that strong demand for high-spec components for AI data centers will continue into the fourth quarter.

Samsung Electro-Mechanics plans to respond to long-term supply agreements (LTAs) with major big tech clients while expanding the supply of new high-value FCBGA products for AI data centers and scaling up production capacity to match demand.

(Photo provided by Samsung Electro-Mechanics, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.