Samsung has recently announced the earnings guidance for the first quarter of 2024, saying that with the help of the AI wave, the company’s revenue has begun to rebound from a severe decline. It is estimated that Sales reached 71 trillion won, and operating profit during the same period was approximately 6.6 trillion won (currently approximately 35.442 billion yuan).
Earnings Forecast: In financial reporting, earnings guidance, or simply guidance, is a publicly traded company’s official forecast of its own near-term profits and losses, expressed as a dollar amount per share.
Compared with the first quarter of 2023, sales are expected to increase by 11.37%, and operating profit growth is expected to reach 931% . Compared with the fourth quarter of 2023, sales increased by 4.75% sequentially and operating profit increased by 134%.
NAND flash memory chip stock valuations may have improved as revenue was largely in line with expectations but operating profit beat expectations. Demand for NAND has improved, which may also improve margins.
