Samsung Electronics released its latest earnings estimates, revealing that it has another very solid quarter in the books. The report revealed that between April and June 2022, consolidated revenue was KRW 77 trillion (approximately $59.2 billion), while consolidated operating profit was KRW 14 trillion (approximately $10.76 billion).
| Q2 2022 KRW/USD Guidelines | Results Q1 2022 KRW / USD | Results Q2 2021 KRW / USD | |
| sale | KRW 77 Trillion / $59.2 Billion | KRW 77.78 Trillion / $59.77 Billion | KRW 63.67 Trillion / $48.93 Billion |
| Operating profit | KRW 14 Trillion / $10.76 Billion | KRW 14.12 Trillion / $10.85 Billion | KRW 12.57 Trillion / $9.66 Billion |
The numbers are slightly lower than the previous quarter, but significantly higher year on year. Compared to the second quarter of 2022, Samsung brought in 22% more revenue and 12% more operating profit.
In the future, Samsung wants to strengthen its position in the market for premium smartphones and the production of SoC chips. The full breakdown of financial results is expected at the end of July when we will have a clearer picture of what drove the strong performance.