Samsung Electronics Q3 Operating Profit Jumps 782.5% YoY to KRW 107.4 Trillion
TECHWORLD ·
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Samsung Electronics on the 8th announced preliminary results for the third quarter of 2026 on a consolidated basis.
Revenue for the third quarter of 2026 came to KRW 195 trillion, while operating profit totaled KRW 107.4 trillion.
The figures were estimates prepared in accordance with Korean International Financial Reporting Standards (IFRS), and detailed results by business segment and the background will be disclosed later in the final earnings announcement.
Samsung Electronics on the 8th announced preliminary results for the third quarter of 2026. The announcement was made on a consolidated basis.
Revenue for the third quarter of 2026 came to KRW 195 trillion, while operating profit totaled KRW 107.4 trillion. Both revenue and operating profit rose sharply from the previous quarter and the same period a year earlier.
Revenue increased 13.70% from KRW 171.5 trillion in the previous quarter, while operating profit rose 20.01% from KRW 89.5 trillion. As a result, the quarterly improvement trend in earnings continued.
Compared with the same period a year earlier, revenue increased 126.59%, and operating profit rose 782.50%. The year-over-year increases were larger than the gains from the previous quarter.
Samsung Electronics said the preliminary results were estimates prepared in accordance with Korean International Financial Reporting Standards (IFRS). As the accounts have not yet been finalized, it said detailed results by business segment and the specific background behind the performance will be disclosed later in the final earnings announcement.
Samsung Electronics said that starting in July 2009 it became the first domestic company to provide quarterly earnings guidance, and that in 2010 it early adopted International Financial Reporting Standards (IFRS). The company said it has continued to provide information based on global standards as part of efforts to strengthen disclosure, improve investors' earnings forecast accuracy, support investors' assessment of corporate value, and enhance shareholder value.
To strengthen communication with investors, Samsung Electronics will accept advance questions about management updates and other inquiries, and it plans to answer mainly the issues that draw strong shareholder interest during the earnings conference call.
Source: TECHWORLD · Park Gyu-chan
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407916
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Source: TECHWORLD
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