Samsung flags US$80 billion profit on AI boom, highest quarterly for any tech company
Samsung Electronics has estimated a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory sales.
Samsung Electronics projects a record-breaking profit of nearly US$80 billion for the third quarter, driven by soaring demand for artificial intelligence (AI) chips and memory sales. The South Korean tech giant estimates an operating profit of 107.4 trillion won (US$74 billion) for the July-September period, surpassing the LSEG SmartEstimate of 106.1 trillion won.
Samsung's fourth consecutive quarter of record operating profit highlights the global memory chip shortage, exacerbated by AI infrastructure investments outpacing supply growth, pushing chip prices upward. Analysts anticipate the imbalance will persist into 2028, despite rising costs, Chinese competition, and potential US semiconductor tariffs.
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