Harman posts strong third-quarter results as Volkswagen and premium audio demand expand
Samsung Electronics said on Oct. 29 that its Harman subsidiary reported third-quarter sales of 4.3 trillion won and operating profit of 600 billion won. The results were supported by expanded telematics supplies to Volkswagen and other automakers, plus strong JBL portable-speaker and premium-audio sales. Harman also recorded a one-time gain from a U.S. tariff refund.
Why it matters
The results show how Samsung's automotive electronics and audio businesses are contributing to Harman's performance while semiconductor costs and tariff risks pressure other areas. Expanded telematics orders may support revenue stability, but the materials do not establish their eventual effect on profitability.
Key facts
- 1Harman reported third-quarter sales of 4.3 trillion won and operating profit of 600 billion won. biz.chosun.com
- 2Samsung Electronics said Harman began expanding telematics supplies to Volkswagen and other automakers this year. biz.chosun.com
- 3JBL portable-speaker sales were strong as the brand marked its 80th anniversary. biz.chosun.com
- 4Harman's third-quarter results included a one-time gain from a U.S. tariff refund. biz.chosun.com
- 5Samsung plans to expand the premium audio product lines associated with Bowers & Wilkins, Denon and Marantz. finance.biggo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.