Samsung is making truckloads of cash just lately. The corporate posted its highest quarterly working revenue in three years throughout Q2 2021. It’s now seemingly all set to prime that within the third quarter.
The Korean agency has simply published its earnings steering for Q3 2021 and the numbers are staggering. It’s anticipating to make a document 73 trillion received (round $61 billion) in consolidated gross sales in the course of the interval between July to September 2021. That is the corporate’s highest-ever quarterly income.
Samsung can be anticipating an working revenue of round 15.8 trillion received (round $13 billion) this previous quarter. The quantity marks one of the best quarterly revenue for the corporate because it posted a revenue of greater than 17.5 trillion received (round $15 billion) in Q3 2018.
This time final yr, Samsung had reported an working revenue of 12.35 trillion received. So it’s anticipating a robust 28 p.c year-on-year (YoY) progress in revenue in Q3 2021. Consolidated gross sales income got here in at 66.96 trillion received again then. Taking a look at quarter-on-quarter (QoQ) progress, Samsung posted 63.67 trillion received in income and 12.57 trillion received in working revenue throughout Q2 2021. That’s 15 p.c and 26 p.c QoQ progress in income and revenue respectively over the previous three months.
The semiconductor division is raking within the money for Samsung
Samsung’s earnings steering expectedly doesn’t reveal the place it’s making essentially the most revenue, however it’s pretty apparent that the semiconductor division has been raking within the money cow for the corporate just lately. The semiconductor business is dealing with a world scarcity of chips. There’s an enormous hole between demand and provide. And this has successfully taken the costs of semiconductor chips up. Samsung, being one of many only a few semiconductor manufacturing firms on the market, has benefitted from this.
The Korean agency’s cell division, in the meantime, has been struggling just lately. It has misplaced its crown because the world’s largest smartphone vendor to Xiaomi. The chip scarcity subject has additionally pressured it to cancel or delay some strategically necessary gadgets, together with the Galaxy Word sequence and the Galaxy S21 FE.
However the launch of the Galaxy Z Fold 3 and Galaxy Z Flip 3 foldables in August has given the corporate a much-needed enhance. The gadgets, Flip 3 specifically, have been in excessive demand because the pre-order days and they’re nonetheless promoting fairly effectively. So we would see Samsung’s cell division considerably return to kind this previous quarter.
Samsung is anticipated to disclose the ultimate, audited gross sales numbers for Q3 2021 later this month. It will likely be fascinating to see how a lot of a lift the brand new foldables have given to the corporate’s cell division.