Samsung Electro-Mechanics said Thursday it posted first-quarter consolidated revenue of 3.2091 trillion won and operating profit of 280.6 billion won.
Revenue rose 470.5 billion won, or 17%, from a year earlier and 307.0 billion won, or 11%, from the previous quarter. Operating profit increased 801 billion won, or 40%, year over year and 411 billion won, or 17%, quarter over quarter, despite reflecting 71.4 billion won in one-time costs.
It was the first time since the company was founded that quarterly revenue exceeded 3 trillion won.
The company said results improved on steady demand for high value-added industrial and automotive products, as it expanded supply of multilayer ceramic capacitors, or MLCCs, for artificial intelligence servers and advanced driver-assistance systems, or ADAS, as well as flip-chip ball grid array, or FCBGA, products.
For the second quarter, Samsung Electro-Mechanics forecast continued growth in industrial and automotive components on expanding global AI investment and autonomous driving. It said demand should remain strong for high value-added MLCC and FCBGA products used in AI servers and data centers, citing data center upgrades and rising power use by AI servers. The company said it plans timely supply of its most advanced industrial MLCCs and next-generation high-layer, large-area FCBGA products.
In the components business, first-quarter revenue rose 16% from a year earlier and 7% from the previous quarter to 1.4085 trillion won. The company cited rapid growth in AI-related sales for servers, power and networks, and expanded supply of automotive MLCCs as vehicle electrification accelerates.
In the package solutions business, first-quarter revenue increased 45% year over year and 12% quarter over quarter to 725.0 billion won. Samsung Electro-Mechanics said revenue rose across applications as it expanded supply of high value-added substrates for global big tech customers’ AI accelerators, server CPUs and networks, and increased automotive substrate supply for ADAS and autonomous driving. It expects strong demand in the second quarter for high value-added FCBGA substrates for AI, servers and networks, and said it will begin full-scale supply of new products for big tech customers’ AI data center networks.
In the optical solutions business, first-quarter revenue rose 5% from a year earlier and 15% from the previous quarter to 1.0756 trillion won. The company said performance improved as it began mass production of high-performance camera modules for IT devices, including 200-megapixel cameras and slim folded zoom, and expanded supply to global electric vehicle customers and broadened its in-cabin camera lineup for domestic original equipment manufacturers. For the second quarter, it said it will respond to continued demand for differentiated camera modules for flagship models at home and abroad by ramping up next-generation high-resolution folded zoom modules, while expanding automotive supply tied to new EV platform transitions and continuing to increase shipments to domestic OEMs.
* This article has been translated by AI.
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