Samsung Electronics Co., Ltd. Announced Q1 2026 Earnings on April 29, 2026, Reporting "Total revenue reached a new high -- a new record high of KRW 134 trillion"

For the first quarter, Samsung Electronics Co., Ltd. reported that "Total revenue reached a new high -- a new record high of KRW 134 trillion," up by 43% from the previous quarter.The company stated that "Operating profit also reached a new all-time high of KRW 57 trillion," up 185% quarter-over-quarter, and "operating margin expanded from 21% in the previous quarter to 43%." Net profit for the quarter recorded KRW 47 trillion, while "Earnings per share came in at KRW 7,123 for common shares and KRW 7,124 for preferred shares." Capital expenditures in the first quarter totaled KRW 11.2 trillion.Executives noted that the record performance was "driven by continued AI technology innovations and our proactive market response." The Memory business posted its "second straight quarterly earnings record," and the company "started shipping industry's first mass-produced HBM4 and SOCAMM2." The MX division reported first quarter revenue of KRW 37.5 trillion and delivered a "combined operating profit of KRW 2.8 trillion across the MX and network businesses." Notable announcements included the successful launch of the new A Series models, plans to "start mass production of the second-generation 2-nanometer process" in the second half, and the acquisition of a strategic project from a "leading optical communication module player."Looking ahead to the second quarter, management indicated that "semiconductor demand is expected to remain strong" and that they "expect memory price to stay on the current upward trend driven by ongoing expansion in AI infrastructure." The company plans to "provide the first samples of HBM4E in the second quarter." Conversely, in the DX division, they "expect profit to decline due to rising cost pressures." For the full year 2026, the company expects a "substantial year-on-year increase in CapEx driven by sustained demand related to AI."