Samsung forecasts record third-quarter profit of $80 billion on the back of AI boom
The result reflects soaring AI memory sales and tight chip supply, with revenue projected to rise 127% to 195 trillion won, Samsung said.
- On Thursday, October 8, 2026, Samsung Electronics projected third-quarter operating profit of 107.4 trillion won , marking the first time any technology company has surpassed 100 trillion won in a single quarter.
- Booming demand for artificial intelligence infrastructure fuels the growth, as surging requirements for high-bandwidth memory , DRAM, and NAND chips outpace global supply, driving prices sharply upward.
- Samsung Electronics estimates third-quarter revenue will rise 127% year-on-year to 195 trillion won, while operating profit surged roughly 783% from 12.17 trillion won recorded in the same period last year.
- While the semiconductor division thrives, the company's mobile unit faces mounting pressure from high component costs, with analysts projecting operating losses exceeding $1 billion as consumer electronics margins squeeze.
- The global memory shortage is expected to persist through 2027 and 2028, as Samsung plans to release a detailed breakdown of earnings by business division on October 29.
158 Articles
158 Articles
AI Chip Boom Drives Samsung Profits To Record $80bn
Samsung Electronics is expecting a spectacular jump in quarterly profit. Powered by one thing the tech industry cannot seem to get enough of: memory chips for artificial intelligence.The South Korean giant forecasts operating profit of 107.4 trillion won (£61bn; $80bn) for the three months to September. That is roughly nine times higher than a year earlier and would mark its fourth straight quarter of record earnings.So what is driving the boom?…
Samsung Electronics has estimated for the third trimester of 2026 a operating profit record of 107,4 trillion won (about 79,8 billion dollars), in increase of 782,5% regarding the same period of the year precedence. (ANSA)
Samsung Electronics announces its earnings guidance for Q3 2026
Samsung Electronics has announced its earnings guidance for the third quarter of 2026, covering July to September. Samsung said its consolidated sales for the period were approximately KRW 195 trillion ($145.33 billion), while consolidated operating profit was approximately KRW 107.40 trillion ($80 billion). In comparison, Samsung's consolidated sales for the second quarter of 2026 (April to June) were worth KRW 171.5 trillion ($127.78 billion),…
Samsung expects record $80bn quarterly profit as AI memory demand soars
Samsung Electronics expects its operating profit for the third quarter to reach a record level of about 107.4 trillion won ($80bn), a significant increase from 12.17 trillion won a year earlier. The South Korean company released its preliminary figures today. It represents an increase of nearly nine times, or roughly 783 per cent, and sales […] This story continues at The Next Web
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