Samsung Electronics announced today its performance forecast data for the second quarter of 2023. Sales in the second quarter were 60 trillion won, a year-on-year decrease. 22.3%, basically in line with expectations.
Samsung Electronics’ operating profit in the second quarter was 600 billion won, a year-on-year decrease of 95.7%, 231% higher than the 181.3 billion won compiled by Yonhap News Agency, and also higher than the forecast data of 27 analysts from Refinitiv SmartEstimate (555 billion yuan). Korean won) is higher.
▲ Picture source Samsung Electronics official website
Specifically, Samsung Electronics officially gave a range estimate, and the above figure is the official median.
▲ Samsung Electronics 2023 Q1 and 2022 Q2 revenue data
Prices for DRAM memory chips, widely used in smartphones, PCs and servers, continued to slide during the quarter, falling about 13%-18%, according to TrendForce, as chip buyers opted not to buy new chips but to deplete their inventories. . However, as Samsung Electronics and its peers choose to cut supply, the decline in memory chip prices has slowed compared with previous quarters and is expected to bottom out around the third quarter before a significant recovery next year, analysts said.
The analysis pointed out that Samsung Electronics’ losses in this quarter are mainly due to the further decline in the price of memory chips and the sharp reduction in the value of inventories, which will lead to Samsung Electronics’ traditionally the largest profitable sector – the chip sector may have 3 trillion – 4 trillion won quarterly loss.
Samsung Electronics will announce detailed revenue data later this month, and then we will be able to see the revenue of each business.
