Photo illustration showing the Samsung Group company logo displayed on a smartphone screen.
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Samsung Electronics’ operating profit and revenue beat analysts’ estimates Wednesday, as chip sales rose amid worries of U.S. President Donald Trump’s “reciprocal” tariffs coming into effect.
The South Korean company posted a near 10% jump in first-quarter revenue from a year earlier, while its operating profit climbed 1.5%.
Here are Samsung’s first-quarter results compared with LSEG SmartEstimates, which is weighted toward forecasts from analysts who are more consistently accurate:
- Revenue: 79.1 trillion Korean won vs. 78.1 trillion Korean won
- Operating profit: 6.7 trillion Korean won vs. 6.4 trillion Korean won
First-quarter revenue marginally topped Samsung’s forecast of 79 trillion won, while operating profit also came in higher than the company’s expectations of 6.6 trillion Korean won.
Samsung is a leading manufacturer of memory chips, which are utilized in devices such as laptops and servers, and is also the world’s second-largest smartphone maker.
Trump has imposed blanket 10% tariffs on U.S. trade partners, while additional “reciprocal” duties, including 25% on South Korea, are on pause for 90 days.
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