Skip to content

April 6, 2018

Samsung forecasts record profits of $14.6 billion in Q1 2018 as chip business takes off

by John_A

Samsung has eclipsed everyone else, and is now competing with itself.


Samsung saw a huge uptick in profits and revenue last year, and it looks like the company’s momentum hasn’t slowed one bit in 2018. In its Q1 2018 earnings guidance, Samsung is forecasting that its quarterly revenue will be in the vicinity of $56.5 billion (60 trillion won), with an operating profit of $14.6 billion (15.6 trillion won) — making it Samsung’s most profitable quarter ever.

To put things into perspective, Samsung’s operating profits are set to rise 57% from the same period a year ago, during which it made $8.8 billion. The manufacturer beat its previous profit record of $14.13 billion — posted in Q4 2017 on the back of $61.5 billion in revenue.

Samsung overtook Intel at the end of last year to become the largest chipmaker in the world — a title Intel managed to hold onto for the last 25 years — and it once again looks like the chip business was the main driver for growth in Q1 2018. We’ll have to wait until the end of the month, which is when Samsung releases its earnings in full, to get an idea as to what divisions contributed to the uptick in profits.

As for the phone unit, sales from flagship devices usually reflect in the second quarter, so it’ll be interesting to see if Samsung can eclipse its profit record once again after three months.

Samsung Galaxy S9 and S9+

  • Galaxy S9 review: A great phone for the masses
  • Galaxy S9 and S9+: Everything you need to know!
  • Complete Galaxy S9 and S9+ specs
  • Galaxy S9 vs. Google Pixel 2: Which should you buy?
  • Galaxy S9 vs. Galaxy S8: Should you upgrade?
  • Join our Galaxy S9 forums


Read more from News

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Note: HTML is allowed. Your email address will never be published.

Subscribe to comments

%d bloggers like this: