Samsung Electronics reported a remarkable 756.1% year-over-year increase in operating profit for Q1, reaching KRW 5.723 trillion ($38.5 billion), driven primarily by its chip business. Revenue rose 69.2% to KRW 13.387 trillion, while net profit soared 474.3% to KRW 4.723 trillion. The Device Solutions division, responsible for semiconductors, contributed KRW 8.17 trillion in revenue and KRW 5.37 trillion in operating profit. These figures significantly surpassed market expectations, with financial data provider FnGuide previously estimating revenue at 117.13 trillion won and operating profit at 38.12 trillion won. Samsung's latest results also exceeded the previous quarter's record highs of 93.84 trillion won in revenue and 20.07 trillion won in operating profit.
Samsung Electronics Q1 Profit Surges 756%, Exceeds Expectations
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