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Showing posts from May, 2026

Samsung Hits Record Revenue in Q1 This Year, Expects Memory Shortage to Last Beyond 2027

Samsung Electronics posted record revenue for the first quarter ending March 31, 2026, marking a 43 percent increase over the previous quarter. It reported a consolidated revenue of KRW 133.9 trillion (roughly Rs. 8,00,000 crore) for the Q1 and posted a record operating profit. However, earnings from the foundry business declined in the first quarter. During its Q1 earnings call, Samsung reportedly predicted that the ongoing memory shortage is unlikely to ease before 2027. The company expects the situation could become even more severe in the coming days. Samsung Electronics Posts Record Q1 Profit Samsung Electronics reported record quarterly profit for the January March period this year, with consolidated revenue reaching an all-time high of KRW 133.9 trillion and operating profit hitting an all-time high of KRW 57.2 trillion (roughly Rs. 3,00,000 crore). The growth was driven mainly by the brand's Device Solutions (DS) Division, especially the Memory Business, which benefited fro...