Samsung forecasts record third-quarter profit of $80 billion on the back of AI boom
Samsung said memory earnings surged as AI infrastructure demand outpaced chip supply, pushing quarterly operating profit above 100 trillion won for the first time.
- On Thursday, Samsung Electronics projected a record third-quarter operating profit of 107.4 trillion won , surpassing the 100 trillion won threshold for the first time in the South Korean company's history.
- Surging demand for artificial intelligence infrastructure has outstripped memory chip supply, creating tight supplies of conventional DRAM, NAND, and HBM expected to persist through 2027.
- Third-Quarter revenue is projected to reach 195 trillion won, a 127% increase from the previous year, beating analysts' estimates and underscoring the scale of AI-driven financial performance.
- Samsung expanded its AI strategy in September by announcing a partnership with French artificial intelligence startup Mistral to deploy models across its semiconductor operations.
- Detailed third-quarter financial results, including a business division breakdown, are expected later this month, while industry projections indicate tight chip supplies will persist into 2027.
15 Articles
15 Articles
Samsung Electronics is heading for a new record profit for the third quarter, figures from the…
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SEOUL, Oct 8 (Reuters) - Samsung Electronics on Thursday projected a 783% jump in third-quarter operating profit from a year earlier, beating analysts' estimates as booming demand for artificial intelligence chips drove strong memory earnings.
Samsung Electronics 1st Korean firm to top W100 tril. in quarterly operating profit
Samsung Electronics on Thursday estimated 107.4 trillion won ($80.28 billion) in operating profit for the third quarter, becoming the first Korean company to surpass 100 trillion won in quarterly operating profit. In a regulatory filing, the company said its third-quarter operating profit and revenue are each estimated at 107.4 trillion won and 195 trillion won. If the figures are finalized when the company announces its full earnings results la…
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Market ScreenerSamsung Q3 profit jumps nearly nine-fold as AI memory boom lifts chip earnings
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