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Samsung announced today its earnings guidance for Q1 2024, where sales are expected to reach between KRW 70 and 72 trillion ($51-$53 billion). The more impressive figure, however, is the operating profit \u2013 between KRW6.5 and 6.7 trillion (just under $5 billion) \u2013 ten times more compared with the profit during the same period last year.<\/p>\n
| (all units in KRW \/ USD)<\/b><\/td>\n <\/p>\n | Q1 2024 Earnings Guidance<\/b><\/td>\n <\/p>\n | Q3 2023<\/b><\/td>\n <\/p>\n | QoQ Change<\/b><\/td>\n <\/p>\n | Q1 2023<\/b><\/td>\n <\/p>\n | YoY Change<\/b><\/td>\n
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| Sales<\/b><\/td>\n <\/p>\n | 71 trillion \/ 52 billion<\/td>\n <\/p>\n | 67.78 trillion \/ 50.09 billion<\/td>\n <\/p>\n | 4.75%<\/td>\n <\/p>\n | 63.75 trillion \/ 47.11 billion<\/td>\n <\/p>\n | 11.3%<\/td>\n
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| Operating Profit<\/b><\/td>\n <\/p>\n | 6.6 trillion \/ 5 billion<\/td>\n <\/p>\n | 2.82 trillion \/ 2.08 billion<\/td>\n <\/p>\n | 134%<\/td>\n <\/p>\n | 0.64 trillion \/ 470 million<\/td>\n <\/p>\n | 931%<\/td>\n
The massive jump in profit should come from increased demand for high-bandwidth memory (HBM) used in AI chipsets, reported Reuters. According to an analyst who spoke with the agency, inventory valuation of NAND chips also may have improved, which would affect margins as well.<\/p>\n There is also the initial response to Galaxy S24’s on-device AI \u2013 while we don’t have the full details, we expect the better sales of the flagship phones also helped with profit.<\/p>\n |