Samsung Networks revenue fell 16% in Q1 2024

TL;DR:

• Samsung Networks reported a 16% year-on-year revenue decline in the first quarter of 2024.
• Light Reading described the result as one of Samsung Networks' weakest quarters since the start of the 5G era.
• Samsung said the business faced headwinds and needed cost discipline.

Samsung Networks reported a 16% year-on-year revenue decline in the first quarter of 2024. The company said the business faced headwinds and that cost discipline was needed.

Light Reading said the quarter was one of Samsung Networks' weakest since 5G began. The source excerpt did not provide a revenue total, country breakdown, customer names, or specific product segments behind the decline.

Samsung Networks is part of the telecom infrastructure market tied to 5G network rollouts by mobile network operators (MNOs, telecom companies that own and run mobile networks). Results at network vendors matter to the broader eSIM market because operator investment in core networks, radio access networks, and device connectivity platforms can affect the pace of mobile service expansion, including eSIM support.

Related Questions

How much did Samsung Networks revenue fall in Q1 2024?

It fell 16% year on year in the first quarter of 2024, according to the Light Reading report cited here.

Why did Samsung Networks say its Q1 2024 results were weak?

Samsung said the business faced headwinds and needed cost discipline. The source excerpt did not give more specific causes.