Samsung's First Quarter Sales Far Exceed Expectations, Profit Surges Eightfold, AI Chip Sales Unfazed by War Cloud

BlockBeats News, April 7th, Samsung Electronics announced first-quarter sales of 133.00 trillion Korean won, analysts expected 116.81 trillion Korean won. First-quarter operating profit was 57.20 trillion Korean won, analysts expected 39.28 trillion Korean won.

Samsung's quarterly profit recorded eightfold growth beyond expectations, mainly driven by strong demand for Artificial Intelligence (AI) and data center storage chips. Later in April, the company will release a full financial statement including net profit and department details.

At the time of writing, Samsung's stock rose 4.5% at the opening of the South Korean stock market.