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Samsung guidance reveals spike in Q2 profit as AI chip market grows

By Jubair Hossin Babu, 07/05/2024


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Samsung has released its financial guidance for the second quarter of 2024, showing a significant uptick in profits. The Korean company also reported sales of approximately KRW 74 trillion, a 23% increase compared to the same period last year. The operating profit is expected to be KRW 10.4 trillion, which is fifteen times higher than April-June 2023. (all units inKRW / USD) Q2 2024Earnings Guidance Q1 2024 QoQ Change Q2 2023 YoY Change Sales 74 trillion /53.5 billion 71.92 trillion /52.06 billion 2.9%% 60 trillion /46...

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