Samsung SDI narrows loss on AI-driven ESS demand
Samsung SDI narrowed its operating loss by 64.2% year-on-year to 155.6 billion won in the first quarter, driven by surging demand for energy storage systems due to the AI data center boom. The company expects its losses to narrow further in the second quarter and aims to return to quarterly profit in the second half.
Samsung SDI significantly reduced its operating loss in the first quarter, supported by surging demand for energy storage systems driven by the AI data center boom. Its operating loss narrowed 64.2% year-on-year to 155.6 billion won, while revenue rose 12.6% to 3.58 trillion won. Battery sales revenue increased 13% on-year to 3.35 trillion won, reflecting a recovery in demand across utility-scale ESS, AI data centers, and power tools. Samsung SDI plans to begin supplying tabless cells for battery backup units in the second quarter and for hybrid electric vehicles in the second half. The company expects US data center demand to grow by more than 30% annually from 2025 to 2030 and has already booked a significant portion of its US ESS production capacity for the next two to three years. Samsung SDI aims to complete the sale of its entire 15.2% stake in Samsung Display within this year.
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