Samsung SDI Reports Q1 2026 Revenue Up 12.6%, Operating Loss Narrows 64.2%
The battery company posted KRW 3.58 trillion in revenue and a net profit of KRW 56.1 billion, signaling a path to return to quarterly profitability in the second half of 2026.
KRW 3.58 trillion ($2.43 billion)
KRW 155.6 billion
KRW 56.1 billion
What Happened
Samsung SDI reported first-quarter 2026 revenue of KRW 3.58 trillion ($2.43 billion), up 12.6% year-on-year. Operating loss narrowed 64.2% to KRW 155.6 billion, while net profit reached KRW 56.1 billion, returning to profitability.
- Expanded ESS orders with new prismatic LFP battery projects
- Signed multi-year EV battery supply agreement with Mercedes-Benz
- Unveiled pouch-type all-solid-state battery for physical AI at InterBattery 2026
“Uncertainty in the global business environment is expected to persist in the second quarter as well. We will continue efforts to execute our strategies across all business areas smoothly as planned and to swing to a quarterly profit in the second half of the year.”
Why this matters
Samsung SDI's improving financials show growing demand for energy storage systems and EV batteries, with new contracts such as a multi-year supply agreement with Mercedes-Benz, positioning the company for a recovery.
Terms in This Story
- ESS
- Energy storage system, typically used to store electricity for later use, often in grid or industrial applications.
- AMPC
- Advanced Manufacturing Production Credit, a U.S. tax credit for domestic production of advanced energy components.
- TCO
- Total cost of ownership, a measure of the full cost of a product over its lifetime, including purchase, operation, and maintenance.
- PFE
- Prohibited Foreign Entity, a designation under U.S. regulations that restricts certain business dealings with designated foreign entities.
Summarised from the linked release; details can be imperfect — always verify against the original source.