Samsung reports record quarterly profit of $80 billion driven by AI chip demand
Samsung Electronics reported a sharp rise in third-quarter revenue and operating profit, with earnings nearly nine-fold higher than the prior quarter and revenue up 13.7 percent. The company's memory chip division posted a record preliminary profit, driven by rising demand from AI firms.
- Samsung Electronics is expected to report a nearly nine-fold jump in third-quarter operating profit, with revenue growing 13.7 percent from the previous quarter and revenue estimated at 195 trillion won, a 126.6 percent year-on-year increase.
- TrendForce expects conventional DRAM contract prices to rise 10% to 15% in the fourth quarter from the prior quarter.
- Samsung is the world's largest memory chip manufacturer.
- Increased demand from AI companies is boosting Samsung Electronics.
- Samsung and Micron expect the memory chip imbalance to continue into 2028.
- Samsung Electronics' revenue was close to 195 billion Won, and its mobile and networks businesses posted a 700 billion won operating loss in the second quarter.
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