South Korea’s chaebol Samsung Electronics posted consolidated revenue of $205.6 billion for the first half of 2026, up 98.7 percent year on year, according to its semi-annual report filed with financial regulators.

Net income reached $80 billion, nearly nine times the $9 billion recorded a year earlier, the report showed.

Semiconductors drive the results

Samsung’s Device Solutions (DS) division, such as memory, system chips, DRAM, NAND flash, and mobile application processors, generated $140.9 billion in revenue, or 68.5 percent of the company total. The sector accounted for $96.2 billion in operating profit, about 97 percent of the total for H1/2026.

The Device eXperience (DX) division, featuring televisions, appliances, smartphones, tablets, and PCs, reported $67.8 billion in revenue, 33 percent of the total. But the sector accounted for only $1.4 billion in operating profit.

Samsung Display added $9.5 billion in revenue and $0.7 billion in operating profit, and the Harman automotive and audio unit $5.7 billion and $0.4 billion.

China solidifies its position as the largest customer of Samsung

On non-consolidated basis, China was Samsung’s largest market in the first half of 2026, with revenue of $59.7 billion, ahead of the Americas at $47.6 billion. Asia and Africa followed at $43.5 billion, Europe at $14.7 billion, and the domestic South Korean market at $8.7 billion.

China’s rise is recent. In 2023, the Americas led with $34.4 billion, higher than China’s $28.4 billion. China overtook it 2024 with $43.7 billion versus the Americas’ $41.3 billion, then held the lead in 2025 with $48.2 billion and widened it in the first half of 2026.

China’s share of the revenue mix rose from about 25 percent in 2023 to roughly 31 percent in 2024, 30 percent in 2025, and 34 percent H1/2026.

Vietnam operations post broad-based growth

Samsung’s Vietnamese manufacturing subsidiaries, a core hub for smartphone, consumer-electronics and display production, reported combined revenue of about $35.2 billion, up 21 percent year-on-year. Net income reached $2.3 billion, up 28 percent.

Samsung’s production in Vietnam accounted for 17.1 percent of revenue but only 2.9 percent of net income, data showed.

Samsung Electronics Vietnam Thai Nguyen (SEVT), the largest unit and the group’s mobile and telecommunications producer, reported revenue of about $16.2 billion, up 22.4 percent, and net income of roughly $1.08 billion, up 33.4 percent.

Samsung Electronics Vietnam (SEV) in Bac Ninh, an electronics and smartphone plant, posted revenue of about $9.1 billion, up 15.4 percent, and net income of $0.67 billion, up 23.1 percent.

Samsung Display Vietnam (SDV), the panel maker, grew fastest among Vietnam entities. Its revenue went up 32.7 percent to $7.1 billion and net income up 46.8 percent to $0.4 billion.

Samsung Electronics HCMC CE Complex (SEHC), a consumer-electronics operation in Ho Chi Minh City, was the only unit with falling performance. Revenue edged up 3.8 percent to $2.8 billion, but net income dropped 8.4 percent to $0.16 billion.

A fifth entity, Samsung Vietnam Semiconductor (SVS), was newly established in March 2026 in Pho Yen City, Thai Nguyen province, for semiconductor production. No data was available yet.

Samsung already invest $24B in Vietnam, to add $1B billion in 2026