Samsung Electronics (005930 KS) - Q1 2026 (KRW): Net 47.1tln (exp. 38.3tln), Operating profit 57.2tln (exp. 57.2tln), Revenue 133.9tln (exp. 117.5tln), chip business aided by HBM4 and SOCAMM2 sales to Nvidia
Importance
Level 1
- Q1 chip sales 81.7tln (exp. 69.5tln, prev. 25.1tln Y/Y)
- Q1 chip operating profit 53.7tln (exp. 40.4tln, prev. 1.1tln Y/Y)
- Q1 mobile/networks sales 38.1tln (exp. 35.4tln)
Commentary:
- Expects memory demand to accelerate in Q2.
- Q2 revenue in mobile business is expected to decline.
- Agentic AI to accelerate growth in demand in H2.