Samsung’s upcoming Q1 earnings high estimates on stable chip demand  – TechCrunch

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Samsung Electronics launched Thursday its preliminary earnings for the primary quarter of 2022. 

The corporate mentioned it forecasts to report consolidated income of $63.1 billion (77 trillion KRW) and an working revenue of about $11.6 billion (14.1 trillion KRW) for the quarter ended March. These numbers are up from the primary quarter of 2021, which generated gross sales of $53.6 billion and an working revenue of $7.6 billion. 

The Korean tech large is predicted to submit its highest first-quarter working revenue since 2018, representing a 50% rise from final 12 months’s first quarter, in keeping with Reuters. This beats the working revenue of $10.9 billion (13.4 trillion KRW) Bloomberg’s analysts had anticipated. Gross sales, which is prone to high the prior report of $62.8 billion (76.6 trillion KRW) in 4Q22, can be above market expectation, roughly $61.4 billion (74.9 trillion KRW) estimated by S&P Market Intelligence analysts, per WSJ

The gross sales and income are in step with strong demand for reminiscence chips and Samsung’s newest lineup, the Galaxy S22.

The Korean agency, which produces DRAM and NAND reminiscence chips, appears to have benefited from stable chip demand from customers regardless of the latest worth drop in semiconductor chips, in keeping with analysts cited by Reuter. DRAM costs may drop in 2Q 22 on account of inflation and the persevering with Russia-Ukraine warfare; NAND worth is predicted to rise roughly 5% to 10% within the second quarter of this 12 months following a uncooked materials contamination concern at a three way partnership facility of Japan’s Kioxia and the U.S-based Western Digital, which disrupted NAND flash manufacturing, per TrendForce

Samsung mentioned Wednesday the gross sales of the Galaxy S22 collection are prone to exceed 1 million items in South Korea by the top of this week. The agency can be anticipated to have shipped greater than 6 million items of the S22 collection by the top of March after its launch in February, Sujeong Lim, an affiliate director at analysis agency Counterpoint, informed Reuters

The Korean tech large will announce its full Q1 earnings outcomes on April 28. 

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