Samsung says profits likely jumped 44% despite chip supply problems
It also expected sales to have climbed about 17% year-on-year, to approximately 65 trillion Korean won ($58.2 billion). The preliminary results were roughly in line with estimates forecast by analysts polled by data provider Refinitiv.
Analysts estimate that the disruption cost the company about 400 billion Korean won ($358 million). That’s assuming that 100,000 semiconductor wafers “were discarded,” according to Jae-yun Lee, an analyst at Yuanta Securities.
But as the situation in Austin continues to improve, recovering output “should start to drive earnings growth for” Samsung’s chip division, CW Chung, an analyst at Nomura, wrote in a note to clients on Wednesday.
Nomura’s analysts also expect an increase in prices for certain semiconductor components in the second quarter, which they believe could help boost the company’s results in the coming months.
Samsung did not break down its earnings in its preliminary release. The company will report full results later this month.
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