Samsung Q2 profit up 73%

Author: EIS Release Date: Aug 5, 2021

Samsung’s Q2 operating profit was up 54% y-o-y at $11 billion on revenues which were up 22% y-o-y at $55 billion. Net profit was up 73% at $8.4 billion.

 

 

Q2 semiconductor revenues were $20 billion up 24.7% y-o-y for an operating profit up 27.6% y-o-y  to $7 billion. 

 

“We expect that memory chip demand for inventory buildup will continue,” said Samsung vp Han Jin-man.

 

Q2 smartphone sales dropped 22% to $19 billion.