Samsung Electronics posted mixed results for the first quarter of 2023, with a total consolidated revenue of $49.73 billion, marking a 10% decline from the previous quarter. The company’s overall operating profit reached $500 million, driven by gains in other business segments despite challenges in the semiconductor division.
| Financial Metrics | Amount (KRW trillion) | Amount (USD billion) |
| Consolidated Revenue | 63.75 | 49.725 |
| Operating Profit | 0.64 | 0.4992 |
| DS (Device Solutions) Division | ||
| – Revenue | 13.73 | 10.7094 |
| – Operating Loss | 4.58 | 3.5724 |
| DX and SDC | ||
| – Revenue | 6.61 | 5.1558 |
| – Operating Profit | 0.78 | 0.6084 |
| MX and Networks Businesses | ||
| – Revenue | 31.82 | 24.8196 |
| – Operating Profit | 3.94 | 3.0732 |
| Visual Display and Digital Appliances | ||
| – Revenue | 14.08 | 10.9824 |
| – Operating Profit | 0.19 | 0.1482 |
The Device Solutions (DS) division, which includes the semiconductor business, reported revenue of $10.71 billion but suffered an operating loss of $3.57 billion due to weak demand in the Memory Business and Foundry Business. On the other hand, the Device eXperience (DX) division saw improved results on the back of strong sales of the premium Galaxy S23 series and premium TVs.
Samsung Display Corporation (SDC) posted $5.15 billion in consolidated revenue and operating profit of $609 million for the first quarter. However, the mobile panel business witnessed a decline in earnings quarter-on-quarter due to market contraction. The large panel business, though, slightly narrowed its losses.
The company plans to invest $8.35 billion in capital expenditures, with $7.64 billion allocated to semiconductors and $0.23 billion to displays. Samsung is navigating a challenging global semiconductor market, with the hope that these investments will bolster its position in the industry moving forward.
