Samsung Q1 net profit surges 5x to ₩47.22 trillion on AI chip boom
Synopsis
Key Takeaways
Samsung Electronics reported on Thursday, 30 April that its first-quarter net profit surged more than fivefold year-on-year to ₩47.22 trillion (approximately US$31.8 billion), powered by surging demand for high-end memory chips used in artificial intelligence (AI) applications. The results mark one of the strongest quarterly performances in the South Korean technology giant's recent history.
Record Quarterly Numbers
Net profit for the three months ended March 2025 jumped to ₩47.22 trillion from ₩8.22 trillion in the same period a year ago, according to a company press release. Operating profit surged more than eightfold to ₩57.23 trillion from ₩6.68 trillion, while total sales climbed 69.2% to ₩133.87 trillion from ₩79.14 trillion, according to Yonhap news agency.
Samsung attributed the record quarterly operating profit and sales primarily to