Samsung's revenue in Q1 reached 77.78 trillion won with an increase of 1.58% MOM and an increase of 18.95% YOY

Driven by revenue from the DX (device experience) and DS (device solutions) divisions, Samsung's financial performance for the first quarter ended March 31, 2022 has once again reached a new high, and has hit new highs for three consecutive quarters so far.

Specifically, Samsung's total revenue in Q1 reached 77.78 trillion won (about 61.2 billion US dollars), an increase of 1.58% month-on-month and an increase of 18.95% year-on-year; operating profit reached 14.12 trillion won (about 11.1 billion US dollars), an increase of 1.8% month-on-month, a year-on-year increase of 50.53%; net profit reached 11.32 trillion won (about 8.9 billion US dollars), a month-on-month increase of 4.43%; a year-on-year increase of 58.54%.

In addtion, there was a positive impact on operating profit about 300 billion won ($240 million) comparing to the previous quarter, because the strength of the dollar against the Korean won outweighed the weakness of some emerging currencies.

Samsung introduced that its capital expenditure in the first quarter was 7.9 trillion won (about 6.2 billion U.S. dollars), of which 6.7 trillion won (about 5.3 billion U.S. dollars) was spent on semiconductors and 0.7 trillion won in displays. Expenditures for the storage business were mainly focused on infrastructure construction at P3 and process migration of fabs in Hwaseong, Pyeongtaek, and Xi'an. Foundry business investments are focused on developing and building production capabilities for advanced processes below 5nm.