Samsung Electronics officially announced its earnings guidance for the third quarter of the year today. Looking at the numbers, it’s clear that the company expects record-breaking earnings compared to the same period last year.
The official report points out revenues between 72 trillion – 74 trillion Korean won, and a quick conversion gives us $60.21 billion – $61.87 billion. The operating profit is looking good too – it’s expected to be in the range of 5.7 trillion – 15.9 Korean won or $13.12 billion – $13.29 billion.
| Q3 2021 Guidance | Q3 2020 Results | Q2 2021 Results | |
|---|---|---|---|
| Sales | $60.21 billion – $61.87 billion | $55.97 billion | $53.22 billion |
| Profit | $13.12 billion – $13.29 billion | $10.32 billion | $10.50 billion |
You can see the potential increase compared to the same period last year – nearly $6 billion in revenue and $3 billion in profit. The final financial earnings report is expected later this month but it’s safe to say that the key drivers behind the record-breaking quarter are the sales of A and M-series phones, as well as increased semiconductor prices and chipset sales.
