Loading...
Market
Will Samsung's net income for Q3 2024 exceed 10 trillion won?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Samsung's Q3 2024 financial report
Story
Samsung Q2 Operating Profit Soars 1,458%, Net Income Grows Fastest Since 2010
Jul 31, 2024, 12:17 AM
Samsung Electronics reported a significant increase in its second-quarter operating profit, driven by rising semiconductor prices and strong demand for advanced memory chips essential for AI computing. The company posted a 1,458% year-over-year increase in operating profit, reaching 10.44 trillion won ($7.52 billion), compared to 670 billion won a year ago. Samsung's Q2 revenue was 74.07 trillion won ($53.45 billion), up 23.42% year-over-year. The chip division's operating profit was 6.45 trillion won, surpassing estimates of 5.06 trillion won. The company's net income for the quarter was 9.64 trillion won, exceeding the estimated 7.97 trillion won. This marks Samsung's fastest pace of net income growth since 2010, largely attributed to the AI boom. The operating profit rose more than 15-fold.
View original story
Similar markets
Yes • 50%
No • 50%
Less than 70 trillion won • 25%
70-75 trillion won • 25%
75-80 trillion won • 25%
More than 80 trillion won • 25%
Less than $6 billion • 25%
$6 billion to $7 billion • 25%
$7 billion to $8 billion • 25%
More than $8 billion • 25%
Below $6 billion • 25%
$6-7 billion • 25%
$7-8 billion • 25%
Above $8 billion • 25%
Less than 8 trillion won • 25%
8-10 trillion won • 25%
10-12 trillion won • 25%
More than 12 trillion won • 25%
Below 8 trillion won • 25%
8-10 trillion won • 25%
10-12 trillion won • 25%
Above 12 trillion won • 25%