Samsung Reports Q4 2024: Revenue Drops 4.8% QoQ to $52.3B, Full-Year Revenue Reaches $207.5B
Samsung Electronics has announced its financial results for Q4 and full year 2024, revealing a mixed performance across its divisions. The tech giant reported Q4 consolidated revenue of $52.3 billion (KRW 75.8 trillion), marking a 4.8% decrease quarter-over-quarter (QoQ), while operating profit fell by 29.3% QoQ to $4.5 billion (KRW 6.5 trillion).
For the full year 2024, Samsung achieved its second-highest annual revenue of $207.5 billion (KRW 300.9 trillion), though this fell short of the record set in 2022. The company’s capital expenditure for 2024 totaled $37 billion (KRW 53.6 trillion), with $31.9 billion (KRW 46.3 trillion) allocated to the Device Solutions Division and $3.3 billion (KRW 4.8 trillion) to Samsung Display Corporation (SDC).
Division-wise Performance:
Device Solutions (DS) Division:
- Q4 Revenue: $20.8 billion (KRW 30.1 trillion)
- Q4 Operating Profit: $2 billion (KRW 2.9 trillion)
- Memory Business achieved record Q4 revenue despite increased R&D expenses
- Foundry Business saw decreased profits due to lower utilization rates
Samsung Display Corporation (SDC):
- Q4 Revenue: $5.6 billion (KRW 8.1 trillion)
- Q4 Operating Profit: $621 million (KRW 0.9 trillion)
- QoQ decline due to sluggish smartphone demand
- Large display business achieved double-digit revenue growth QoQ
Mobile eXperience (MX) and Networks:
- Q4 Revenue: $17.8 billion (KRW 25.8 trillion)
- Q4 Operating Profit: $1.4 billion (KRW 2.1 trillion)
- Full-year flagship sales showed strong growth, particularly in the Galaxy S24 series
Visual Display (VD) and Digital Appliances:
- Q4 Revenue: $9.9 billion (KRW 14.4 trillion)
- Q4 Operating Profit: $138 million (KRW 0.2 trillion)
- Revenue increased QoQ due to expanded sales during the peak season
Looking ahead to 2025, Samsung expects limited earnings improvement in Q1 due to weakness in the semiconductor business. However, the company plans to drive growth through increased sales of AI-enabled smartphones and premium products in the Device eXperience Division. The memory market is anticipated to show signs of recovery from Q2 2025, with the company focusing on high-value-added products and cutting-edge technology development.
The company is particularly emphasizing its AI strategy across divisions, with plans to enhance technological and product advantages in AI throughout 2025. This includes the expansion of Galaxy AI in smartphones, Vision AI in displays, and advanced AI features across its product portfolio.
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