Samsung Electronics reported a record-breaking Q1 profit, with operating profit soaring 755% year-over-year to KRW 57.2 trillion, far exceeding market expectations of KRW 40–42 trillion. This exceptional performance was driven by a surge in demand for AI-related memory chips, with DRAM and NAND prices rising significantly. The company's consolidated revenue reached KRW 133 trillion, marking a 68.1% increase from the previous year.
The strong earnings report, coupled with a temporary ceasefire agreement between the U.S. and Iran, led to a dramatic rebound in the Korean stock market. The KOSPI index surged 6.87% to close at 5,872.34 points, with Samsung Electronics and SK Hynix leading the rally. Despite geopolitical risks affecting Samsung's supply chain, the company's robust inventory and diversified sourcing strategies have mitigated immediate impacts, although medium to long-term risks remain if the conflict persists.
Samsung's Q1 Profit Surges 755%, Boosting KOSPI Index by 6.87%
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