Samsung Profit Soars 1,810% — But Investors Sell Anyway As Chip Rout Spreads
The company said AI chip demand lifted sales 171 trillion won and pushed operating profit 1,810.3% above a year earlier.
- On Tuesday, Samsung Electronics projected record-breaking second-quarter operating profit of 89.4 trillion won and 171 trillion won in sales, driven by surging global demand for artificial intelligence chips.
- Contract prices for DRAM rose about 44% quarter on quarter, while NAND flash climbed roughly 53%, according to Citi Research. AI server demand continues outpacing supply from major memory makers, fueling the pricing surge.
- Meritz Securities analyst Kim Sun-woo estimates the Device Solutions division posted 90 trillion won in operating profit, though nearly 20 trillion won in performance bonuses reduced the figure. Underlying profit would have topped 100 trillion won.
- Samsung shares fell more than 6% on Tuesday amid profit-taking, despite results surpassing record quarterly profits from Nvidia and Apple , making the performance unprecedented among major tech giants.
- The company will release final financial results later this month with detailed divisional breakdown. On current form, full-year profit could rival what Samsung earned across the previous four decades combined.
40 Articles
40 Articles
Samsung Posts Record Q2 Profit of USD 61 Billion as AI Chip Demand Drives Earnings
Get latest articles and stories on Business at LatestLY. South Korean consumer electronics giant Samsung has posted a record profit of USD 61 billion (89.4 trillion won) driven by strong demand for AI-related memory chips, as per a report by Korea Herald. Business News | Samsung Posts Record Q2 Profit of USD 61 Billion as AI Chip Demand Drives Earnings.
Samsung Profits Jump 1,800% As AI Chip Demand Surges
What happens when the global AI boom collides with a shortage of cutting-edge chips? For Samsung, it translates into record-breaking profits.The South Korean tech giant expects operating profit to soar 19-fold to 89.4 trillion won ($58.4 billion) for the April-to-June quarter. It would mark its third consecutive record performance. Sales are also projected to more than double to about 171 trillion won. They are fueled by relentless demand for AI…
Coverage Details
Bias Distribution
- 39% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
