Samsung Q4 2024: Profits up YoY, but Chip Challenges Persist
Q4 2024 Financial Highlights – Revenue: 75.8 trillion won (~$52.09B) (Up 11.79% YoY, Down 4.17% QoQ) – Operating Profit: 6.5 trillion won (~$4.46B) (Up 132.14% YoY, Down 29.34% QoQ) – Full-Year 2024 Revenue: 300.9 trillion won (~$206.82B) (Up 16.22% YoY) – Second-highest annual revenue ever recorded
Samsung MX (Mobile eXperience) Q4 2024 – Revenue: 25.8 trillion won (Up 3.2% YoY, Down 15.4% QoQ) – Profits impacted by lower flagship sales post-launch – Strong full-year growth with Galaxy S24 series, tablets & wearables – Q1 2025 Outlook: Focus on Galaxy S25 series, AI experiences & foldables
Samsung DS (Semiconductors) Q4 2024 – Memory Business: Record-high Q4 revenue, strong DRAM sales – Foundry Business: 2nm GAA under development, 4nm process in mass production – Challenges: Lower utilization rates & higher R&D costs
Q1 2025 & Beyond – Weak earnings expected in early 2025 due to mobile demand slowdown – Focus areas: Advanced-node technology, AI & HPC applications – Strengthening 2nm & 4nm chip production for major customers