Samsung Electronics Reports Record Q3 Operating Profit, Fueled by AI Boom
[Economy] : Samsung Electronics says its third-quarter operating profit surged 781 percent year-on-year, driven by its memory business amid a boom in artificial intelligence(AI). The tech giant said in a regulatory filing on Thursday that its operating profit for the July-September period reached 107-point-44 ... [more...]
Samsung Electronics reported a significant surge in third-quarter profits, driven by an artificial intelligence boom and robust demand for AI chips. According to Yonhap News, the company's operating profit rose 783.1 percent year-on-year to 107.44 trillion won, making it the first global tech company to exceed 100 trillion won in quarterly operating profit. The semiconductor division accounted for 99.1 percent of this total, generating 106.5 trillion won in operating profit.
KBS World Radio reported that the operating profit surged 781 percent, while Business Recorder and The Business Times - Companies & Markets noted the increase was nearly ninefold. Yonhap News further stated that net profit jumped more than sixfold to 75.13 trillion won, and revenue rose 126.9 percent to 195.25 trillion won. Samsung attributed much of its performance to expanded sales of sixth-generation high-bandwidth memory 4 (HBM4) chips and proactive responses to AI server demand.
Straits Times Business and The Business Times - Companies & Markets reported that Samsung will pay 30 trillion won in dividends for the third quarter, or 4,601 won per share. Additionally, Samsung indicated that the chip supply shortage is expected to deepen in 2027.
Brief written by urgent.news from KBS World Radio, Business Recorder, Yonhap News, Straits Times Business, The Business Times - Companies & Markets — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
