Samsung: Fiscal 1Q21 Financial Results

Samsung Electronics Co. reports its financial results for its first financial quarter ending in March 2021.

The Korean giant has revenue of 65.39 trillion won ($59 billion), up 6% Q/Q and 18% Y/Y, with 9.38 trillion won operating profit.

It didn’t release precise figures on its flash chip and SSD businesses where the company is largely the WW leader, but some indications below.

Memory
Despite higher-than-expected shipments backed by strong demand from PC and mobile, profit decreased slightly Q/Q due to initial costs associated with advanced process migration and a continued downward trend in NAND prices

NAND

• Bit shipments in high single-digit increase Q/Q to around 46EB
• NAND price per gigabyte in mid-single percentage Q/Q
• Profit slightly decreases due to ongoing price declines but should increase in 2FH21
• Actively addressed demand from client/server SSD and mobile
• Healthy demand for mobile, especially in China and in servers
• Accelerating migration, mainly for the industry’s only single-stack based 6th-generation 512Gb V-NAND and actively addressing an increase in demand for high-capacity products of 8TB or more

2FH21 outlook

• Accelerate migration to 6th-gen V-NAND
• NAND bit shipment to grow in low-digit range
• Market to grow in mid-30% range