Samsung’s Q3 profit seen jumping nine-fold
Samsung is expected to post an operating profit of US$79.1 billion for the July-September quarter.
Samsung Electronics anticipates a nearly nine-fold increase in Q3 operating profit, fueled by strong demand for artificial intelligence (AI) infrastructure, according to LSEG SmartEstimate based on forecasts from 21 analysts. The projected profit stands at ₩106.1 trillion (US$79.1 billion) for the July-September quarter, up from ₩12.17 trillion in the same quarter last year.
Analysts have reduced their forecasts by nearly 8% since late August, citing concerns over the memory shortage and potential peak in chip margins. Despite a 25% drop in Samsung shares from a June record, the company remains more than double its level at the start of the year and is poised to sell more high-bandwidth memory chips crucial for AI data centers.
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Also reported by 3 other outlets
- Samsung’s Q3 profit seen jumping nine-fold freemalaysiatoday.com
- Samsung's Q3 profit seen jumping nine-fold, but chip margins may be flat channelnewsasia.com
- Samsung’s Q3 profit seen jumping nine-fold, but chip margins may be flat investing.com
