Today, Samsung revealed sales and profit results (preliminary) for Q4 2024. The company disclosed that it had consolidated sales of 75 trillion won (~51.5 billion USD) and operating profit of 6.5 trillion won (~4.47 billion USD).
The company’s stock saw a notable jump over positive vibes from Nvidia over the HBM deal. Things are expected to improve in the next few quarters as Samsung has recently undergone a massive organizational shift.
Samsung Q4 Sales and Profit guidance for the fourth quarter of 2024:
- Consolidated Sales: Approximately 75 trillion Korean won (~ $51.5 billion)
- Consolidated Operating Profit: Approximately 6.5 trillion Korean won (~ $4.47 billion)
Samsung’s Q4 2024 sales and profit figures are disappointing as they fell short of expectations. In particular, the sales decreased by 5.18% compared to the previous quarter, and operating profit decreased by 29.19%.
Notably, Samsung’s Q4 sales increased by 10.65%, and operating profit saw a significant increase of 130.50% compared to the third quarter of 2023. However, the results are not in line with the expected estimations by Samsung.
Samsung’s mobile division, in particular, doing a better job in, even in tough times. The Galaxy S24 sales are a lot better than the previous lineup. Foldables remain a concerned segment as sales went down significantly in the past few months.
The Foundry Division is also making changes to attract contract-based fabrication clients. The company’s Taylor facility is expected to start operations by the end of the year or early next year, leading the 2nm semiconductor era.
