Samsung Electronics (SSNLF.US) Q1 revenue increased by 10% year-over-year to hit a record high, with strong rebound in the storage business.

Zhongtong Finance APP learned that, benefiting from the hot sales of the flagship smartphone Galaxy S25 series and the recovery of demand for storage chips, Samsung Electronics (SSNLF.US) exceeded market expectations in both revenue and operating profit in the first quarter. This South Korean tech giant has shown resilience at the bottom of the semiconductor cycle, but the competitive landscape in the high-end storage chip sector is undergoing profound changes. The financial report shows that Samsung's Q1 revenue reached 79.1 trillion Korean won (approximately 554 billion US dollars), an increase of 10% year-on-year, setting a new single-quarter historical record; operating profit was 6.7 trillion Korean won, a year-on-year increase of 1.5%, exceeding analyst average expectations by 4.7%. Among them, the operating profit of the chip business reached 1.1 trillion Korean won, a quarter-on-quarter increase of 7%, and the revenue of the memory business nearly doubled year-on-year, becoming the core growth engine.