Samsung reaches new profit record with memory chip windfall
Operating profit climbs to 107.4 trillion won, lifted by high-bandwidth memory demand
Samsung Electronics has reported a record profit, reaching approximately 107.4 trillion won ($80.1 billion) for the three months leading up to September. This impressive figure, which is nearly eight times higher than the same period a year prior, has been driven by a surge in demand for high-bandwidth memory (HBM) chips. Although this exceeds the average forecast from analysts, it still falls short of the expected 108.7 trillion won.
The electronics unit of the conglomerate, however, is expected to report a profit loss. Despite these strong results, Samsung's shares remain around 25% below their June peak, indicating investor caution amid the volatile nature of the semiconductor industry.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 5 other outlets
- Samsung reaches new profit record with memory chip windfall freemalaysiatoday.com
- (LEAD) Samsung's Q3 operating profit reaches new high of 107.4 tln won en.yna.co.kr
- Samsung Q3 profit surges to record high, but misses lofty expectations investing.com
- Samsung Electronics 1st Korean firm to top W100 tril. in quarterly operating profit koreatimes.co.kr
- Samsung reports preliminary Q3 operating profit up 782% YoY to ~$80.1B, vs. ~$81.2B est., and revenue up 127% to ~$145.7B, lower than expected (Yoolim Lee/Bloomberg) bloomberg.com
