Samsung Surpasses NVIDIA to Become the World's Most Profitable Company

BlockBeats News, July 7th, according to Gelonghui, Samsung Electronics disclosed in its preliminary earnings report that its operating profit for Q2 2021 is expected to reach 89.4 trillion Korean won, approximately $58.4 billion, setting a new quarterly record, a 56% increase from the previous quarter, and surpassing analysts' average expectation of 84.2 trillion Korean won.

During the same period, Samsung Electronics' revenue is expected to reach 171 trillion Korean won, exceeding the market estimate of 169.2 trillion Korean won, and representing a growth of about 129% from the same period last year. The company plans to release its full financial report on July 30th, where it will disclose net profit and detailed data by business segment.

Reports indicate that Samsung Electronics' quarterly operating profit has surpassed NVIDIA, becoming the company with the highest quarterly operating profit globally. The image shows that in the quarterly operating profit ranking of major tech companies, Samsung Electronics is ranked first at $58.4 billion, NVIDIA is ranked second at $53.5 billion, Alphabet (Google) is ranked third at $39.7 billion, Microsoft is ranked fourth at $38.4 billion, and Apple is ranked fifth at $35.9 billion.