Samsung looking at record-breaking Q3 2021 earnings

The latest earnings guidance from Samsung is in and the expectations are clear – record-breaking Q3 performance fueled by the semiconductor business. The report specifies revenues in the KRW 72 trillion - 74 trillion range which equates to $60.21 billion - $61.87 billion. Profits are expected to be in the KRW 15.7 trillion – KRW 15.9 trillion range or around $13.12 billion - $13.29 billion.

	Q3 2021 Guidance KRW / USD	Q3 2020 Results KRW / USD	Q2 2021 Results KRW / USD
Sales	KRW 72 trillion - 74 trillion / $60.21 billion - $61.87 billion	KRW 66.96 trillion / $55.97 billion	KRW 63.67

trillion / $53.22 billion Operating Profit KRW 15.7 trillion – KRW 15.9 trillion / $13.12 billion - $13.29 billion KRW 12.35 trillion / $10.32 billion KRW 12.57 trillion / $10.50 billion

Robust chipset sales and increased semiconductor prices and the usual strong sales of the Galaxy A and M series are expected to be the main revenue drivers. The final earnings report is expected to come out towards the end of this month and will include a breakdown of each division’s performance.

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