Samsung Electronics reported a record-high consolidated revenue of 79.14 trillion won ($56 billion) for the January–March quarter, driven by strong sales of its flagship Galaxy S25 and other premium smartphones.
The tech giant’s operating profit rose slightly to 6.7 trillion won ($4.7 billion), up from 6.61 trillion won ($4.6 billion) in the same period last year, reports AP.
Weak grid investment slows Asia-Pacific energy transition: ADB
However, the company’s semiconductor business saw a sharp decline in profitability. Operating profit for the division fell to 1.1 trillion won ($774 million), down from 1.91 trillion won ($1.3 billion) a year ago.
Samsung attributed the decline to falling average selling prices and reduced demand for high-bandwidth memory, as customers await next-generation chip releases.
While the mobile business continues to drive growth, the chip unit—historically a key profit engine for Samsung—faces pressure from market uncertainties and cautious customer spending. The company expects the launch of new memory products to revive demand in the coming quarters.