Samsung E&A (A028050) Q1 2026 earnings summary

Executive summary

• Achieved strong growth in new orders, sales, and operating profit in 1Q26, driven by successful execution of major projects and robust demand across business segments.

• Revenue for Q1 2026 reached ₩2,267.4 billion, up 8.1% year-over-year, with operating income at ₩188.2 billion, a 19.6% increase from Q1 2025.

• Net income attributable to owners was ₩155.6 billion, up 3.3% year-over-year, and basic EPS was ₩794.

• The company operates in hydrocarbon, advanced industries, and new energy segments, with a diversified global client base and robust order backlog.

• New orders surged 91.4% year-over-year and 104.0% sequentially, with significant contributions from Hydrocarbon, Advanced Tech, and New Energy divisions.

Financial highlights

• Sales for 1Q26 were KRW 2.3 trillion, up 8.1% year-over-year and down 17.8% sequentially.

• Gross profit margin improved to 15.2% from 14.0% year-over-year.

• Operating profit increased 19.6% year-over-year to KRW 188.2 billion, with an operating margin of 8.3%.

• Net profit was KRW 163.3 billion, up 3.9% year-over-year.

• Cash and cash equivalents increased to ₩1,529 billion from ₩862 billion at the end of 2025.

Outlook and guidance

• 1Q26 performance achieved 39% of annual new order guidance, 23% of sales guidance, and 24% of operating profit guidance.

• The company continues to expand in new energy and advanced industries, leveraging R&D and strategic partnerships.

• Management is focused on risk management, maintaining liquidity, and capital structure optimization.

• Strong order backlog and diversified pipeline position the company for continued growth.