Chip boom lifts Samsung to $38B operating profit in Q1, far above forecasts

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Chip boom lifts Samsung to $38B operating profit in Q1, far above forecasts

Published: 07 Apr. 2026, 08:02 Updated: 07 Apr. 2026, 09:18

LEE JAE-LIM
[email protected]

Samsung Electronics' Seocho office in southern Seoul [NEWS1]

Samsung Electronics reported preliminary operating profit of 57.2 trillion won ($38 billion) for the January to March quarter, a 755 percent year-on-year surge that smashed market expectations, driven by booming memory demand and rising chip prices.

Revenue jumped 68 percent to 133 trillion won, also beating forecasts.

The profit figure came in well above the 40.2 trillion won consensus compiled by FnGuide, while revenue topped expectations of 119 trillion won.

The company did not provide a breakdown by business division and is set to release full earnings later this month.

BY LEE JAE-LIM [[email protected]]