Samsung Electronics Reports 96% Earnings Decline, But Stock Hits Highs This Year
On April 7, 2023, Samsung Electronics announced its earnings forecast for the first quarter of 2023 (January to March). According to the announcement, operating profit in the first quarter of 2023 is 600 billion won (about 60 billion yen), which is about 96% lower than the same period last year.
Samsung Electronics Announces Earnings Guidance for First Quarter 2023 – Samsung Global Newsroom
According to Samsung Electronics' announcement, sales in the first quarter of 2023 will be 63 trillion won (about 6.3 trillion yen) and operating profit will be 600 billion won.
For comparison, the table below shows sales and operating income for the first quarter of 2022 (the same period of the previous year) and the fourth quarter of 2022 (the previous quarter). It can be seen that operating profit in the first quarter of 2023 has fallen by about 96% compared to the same period last year, which recorded the highest operating profit ever.
| Q1 2023 | Q1 2022 | Q4 2022 | |
|---|---|---|---|
| amount of sales | 63 trillion won (about 6.3 trillion yen) | 77.78 trillion won (about 7.8 trillion yen) | 70.46 trillion won (about 7.1 trillion yen) |
| Operating income | 600 billion won (about 60 billion yen) | 14.12 trillion won (about 1.42 trillion yen) | 4.31 trillion won (430 billion yen) |
The stock price of the company temporarily fell before and after the announcement of operating profit by Samsung Electronics, but after that the stock price rose and at the time of writing the article, it was 65,000 won (about 6500 yen) for the first time in about 10 months since June 2022. is higher than
During the first quarter of 2023, it was reported that the price of DRAM, one of Samsung Electronics' main businesses, had declined for two consecutive quarters. However, Samsung Electronics has announced that it will continue to make capital investments of the same scale as before, showing a bullish stance in the DRAM market.
DRAM prices record decline for two consecutive quarters, chip makers announce production cutbacks, but Samsung plans to continue investment - GIGAZINE
In addition, it is reported that sales of NAND memory, which Samsung Electronics accounts for more than 30% of the market share, are also declining.
Sales of NAND memory decreased by 45% compared to the same period last year, and it is clear that the selling price of popular SSD has also plummeted - GIGAZINE
The reason for the decline in Samsung Electronics' operating profit has not been clarified, but the sales and profits of each division are likely to be revealed in the first quarter financial report scheduled to be announced in the latter half of April 2023.
・Continued
Samsung has a record low operating profit due to the decline in semiconductor prices, how do analysts see the future semiconductor market? -GIGAZINE
Related Posts:
in Note, Posted by log1o_hf