Samsung flags uncertain economic climate after smartphone, chip sales power quarterly results beat

Samsung Electronics' operating profit and revenue beat analysts' estimates Wednesday, as sales of its flagship Galaxy S25 smartphones as well as memory chips rose. The South Korean company posted a record quarterly revenue, up 10% from a year earlier, while its first-quarter operating profit climbed 1.5%. Here are Samsung's first-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate: Revenue : 79.1 trillion Korean won ($55.4 billion) vs. 78.1 trillion Korean won : 79.1 trillion Korean won ($55.4 billion) vs. 78.1 trillion Korean won Operating profit: 6.7 trillion Korean won vs. 6.4 trillion Korean won First-quarter revenue marginally topped Samsung's forecast of 79 trillion Korean won, while operating profit also came in higher than the company's expectations of 6.6 trillion Korean won. Samsung is a leading manufacturer of memory chips, which are utilized in devices such as laptops and servers, and ... Read full article.