Samsung Q2 guidance reveals increase in sales and profit

Yordan, 07 July 2022

Samsung Electronics posted its latest earnings guidance, revealing another very solid quarter is in the books. The report revealed consolidated sales between April and June 2022 were KRW 77 trillion (about $59.2 billion), while the consolidated operating profit was KRW 14 trillion (around $10.76 billion).

	Q2 2022 Guidance KRW / USD	Q1 2022 Results KRW / USD	Q2 2021 Results KRW / USD
Sales	KRW 77 trillion / $59.2 billion	KRW 77.78 trillion / $59.77 billion	KRW 63.67 trillion / $48.93 billion
Operating Profit	KRW 14 trillion / $10.76 billion	KRW 14.12 trillion / $10.85 billion	KRW 12.57 trillion / $9.66 billion

The numbers are slightly down from the previous quarter, but significantly higher on a yearly basis. Compared to Q2 of 2022 Samsung brought in 22% more in sales and 12% more in operating profit.

Going forward, Samsung aims to strengthen its position in the premium smartphone market as well as SoC chip production. The full breakdown of the financial results is expected at the end of July when we’ll have a clearer picture of what drove the strong performance.

Source

Samsung

Reader comments

Anonymous
08 Jul 2022
6wN

For phones Samsung is the king. But I speak about everything in general. For example Fiio in ear monitors are really amazing.

blue
08 Jul 2022
0CN

Chinese companies make great and expensive products, but their support for the product is poor at least, but mostly tragic. And why should I pay the same money for a Xiaomi with no support, when I can get Samsung or Apple with great and long support?...