Samsung Electronics Q1 Operating Profit Surges 756% to $38.5B, Beats Expectations

According to BlockBeats, Samsung Electronics’ first-quarter operating profit surged 756.1% year-over-year to 57.23 trillion won (approximately $38.5 billion) on April 30, marking a record quarterly high driven primarily by chip business gains. Revenue climbed 69.2% to 133.87 trillion won, significantly outpacing analyst expectations of 117.13 trillion won in revenue and 38.12 trillion won in operating profit, according to financial data provider FnGuide.