Samsung Electronics second-quarter operating profit beats estimates on soaring AI chip demand
The chip-making unit drove nearly all of the gain as Samsung said AI server demand kept memory prices and shipments rising.
- Samsung Electronics reported 89.5 trillion won operating profit for the second quarter Thursday, up 1,814 percent year-on-year, while revenue reached 171.5 trillion won, rising 130 percent.
- Robust AI-driven demand continued driving growth in Samsung's memory chip business, following a July 7 forecast predicting a roughly 19-fold profit jump from the prior year.
- The chip-making Device Solutions Division posted 127.5 trillion won in sales and 89.2 trillion won in operating profit. Conversely, the Device Experience Division swung to an operating loss of 800 billion won on 49 trillion won in revenue.
- Domestic rival Hynix reported record second-quarter profit on Wednesday, though it missed analysts' estimates, sending shares down nearly 10%.
- Samsung last week unveiled its latest product lineup featuring new foldable smartphones alongside an expanded strategic collaboration with Broadcom across memory and foundry technologies.
37 Articles
37 Articles
Samsung operating profit up 1,800% in second quarter on AI boom
Samsung and other leading memory chipmakers have seen profits skyrocket in 2026, but their share prices have proven volatile as investors question whether the AI-boom has gone too far. The world's largest memory chipmaker posted April-June operating profit of 89.49 trillion won ($62 billion) -- up 1,813.8 percent on-year, the company said in a regulatory filing. The firm posted revenue of 171.49 trillion won, up 130 percent from a year earlier. …
The Toronto Star
Samsung reports record profit as South Korean chip giants benefit from global AI boom
SEOUL, South Korea (AP) — South Korean technology giant Samsung Electronics on Thursday reported a record operating profit of 89.5 trillion won ($62 billion) for the April-June period, a day after crosstown rival SK Hynix also reported record earnings, as…
There is still high demand for memory chips for AI processors, and this can be seen in Samsung's financial statements.
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