Samsung Electronics, based in South Korea, anticipates its second-quarter operating profit to reach nearly 90 trillion won (US$58.8 billion), setting a new quarterly record. The company attributes this success to the high demand for AI-related semiconductors, with a substantial increase of 1,181 percent from the previous year.
The estimated operating profit for the April-June period is 89.4 trillion won, surpassing the market forecast by 6.2 percent. This outlook includes provisions for employee bonuses, with the quarterly profit expected to be around 100 trillion won if these provisions are excluded.
As part of a recent wage agreement, Samsung will provide a special semiconductor performance bonus equivalent to 10.5 percent of business performance earnings. These bonuses will be distributed in company stock over a minimum of 10 years and linked to performance targets for the semiconductor business.
Samsung Electronics’ second-quarter revenue is projected to have surged by 129.3 percent year-on-year to 171 trillion won. The company did not disclose net profit in the earnings guidance, but if realized, this would mark a third consecutive quarter of record revenue and operating profit since the end of last year.
