What were Samsung SDI's first-quarter operating loss and revenue figures, and how did they compare to analyst expectations?

Samsung SDI reported an operating loss of 155.6 billion won ($106 million) for the first quarter ended March 31 — a 61% narrowing year-on-year and significantly smaller than the analyst-estimated shortfall of 270.7 billion won; revenue rose 12.6% year-on-year to 3.6 trillion won.

What key factors drove Samsung SDI's improved financial performance and share price surge in Q1 2024?

The improved performance was driven by higher sales of energy storage systems (ESS) and high-margin cylindrical cells, an 80.5 billion won benefit from US tax credits for advanced manufacturing related to ESS production, resilient demand for semiconductors boosting its electronic materials business, and a strategic pivot toward ESS for AI data centers plus a new battery supply deal with Mercedes-Benz for high-nickel nickel-cobalt-manganese batteries in next-generation compact and midsize electric SUVs and coupes.

Samsung SDI Posts Smaller-Than-Expected Loss, Sending Shares Up

Apr 27, 2026

Samsung SDI reported a narrower-than-expected Q1 operating loss driven by strong energy storage sales and a Mercedes-Benz battery deal. Revenue rose 12.6%, pushing shares up as the company pivots to AI data center solutions.

bloomberg

2026-04-27

Samsung SDI Posts Smaller-Than-Expected Loss, Sending Shares Up

Samsung SDI Posts Smaller-Than-Expected Loss, Sending Shares Up

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