The South Korean company posted a record quarterly revenue, up 10% from a year earlier, while its first-quarter operating profit climbed 1.5%.

The South Korean technology giant posted stronger-than-expected first-quarter profit, as solid gains in its smartphone segment offset weak earnings at its core semiconductor business.

Samsung Electronics has warned that US tariffs will hit demand for its products as the world’s largest maker of memory chips and smartphones presented a downbeat outlook for the year. The South Korean company said “growing policy risks” would increase uncertainty for its chip business,