Samsung looking at record-breaking Q3 2021 earnings

The latest earnings guidance from Samsung is in and the expectations are clear – record-breaking Q3 performance fueled by the semiconductor business. The report specifies revenues in the KRW 72 trillion – 74 trillion range which equates to $60.21 billion – $61.87 billion. Profits are expected to be in the KRW 15.7 trillion – KRW 15.9 trillion range or around $13.12 billion – $13.29 billion.

Q3 2021 Guidance KRW / USD Q3 2020 Results KRW / USD Q2 2021 Results KRW / USD
Sales KRW 72 trillion – 74 trillion / $60.21 billion – $61.87 billion KRW 66.96 trillion / $55.97 billion KRW 63.67 trillion / $53.22 billion
Operating Profit KRW 15.7 trillion – KRW 15.9 trillion / $13.12 billion – $13.29 billion KRW 12.35 trillion / $10.32 billion KRW 12.57 trillion / $10.50 billion

Robust chipset sales and increased semiconductor prices and the usual strong sales of the Galaxy A and M series are expected to be the main revenue drivers. The final earnings report is expected to come out towards the end of this month and will include a breakdown of each division’s performance.

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