- Samsung Electronics estimated Q3 operating profit at 107.40tn won ($80.2bn), the first time in company history above 100tn won, with detailed results due later this month.
- Samsung is the world's largest memory chipmaker and has benefited from surging demand for memory used in AI infrastructure, after Q2 record revenue of 171.5tn won and record operating profit of 89.5tn won.
- Samsung has deepened AI ties, including a September strategic partnership with French AI startup Mistral AI to deploy its models across semiconductor operations.
- Record profits have not revived the share price, so investors are looking for evidence the memory-driven profit boom has staying power beyond the current quarter.
Quotes
“Samsung Electronics on Thursday reported third-quarter preliminary operating profit of 107.40 trillion won ($80.2 billion), surging past 100 trillion won for the first time in the company's history as booming demand for artificial intelligence continues to fuel its chips business.”
“Samsung, the world's largest memory chipmaker, has benefited from surging demand for memory used in AI infrastructure.”
“In the second quarter, the company posted record revenue of 171.5 trillion won and record operating profit of 89.5 trillion won, driven by its memory business.”
“record profits have failed to reinvigorate the stock”