Samsung Electronics expects a 23% y-o-y rise in Q2 operating profit on the back of datacentre demand as more people worked from home.

Operating profit is expected to $6.8 billion – the highest since Q4 2019.

Revenue is expected to be down 7% y-o-y to $43 billion.

Rising DRAM prices pushed up the profit. DRAM prices rose 14% in Q2 but flattened June on May.

The display division received an $835 million payment from Apple to compensate for reduced iPhone display orders which fell below an agreed pre-set level.