Samsung posts record profit in Q3 on AI chip boom
Its operating profit rises nearly nine times to a record high
Samsung Electronics reported a record-breaking operating profit of 107.4 trillion won (US$80.04 billion) for the third quarter, nearly nine times higher than the previous year, as the demand for artificial intelligence chips surged. Despite investor caution about the sustainability of AI spending, Samsung's earnings exceeded estimates, matching their forecast.
The rival SK Hynix also disclosed robust earnings and optimistic outlook, which contributed to a boost in shares of both companies. Samsung anticipates a deeper chip supply shortage in 2027. The company plans to distribute 30 trillion won in dividends for the third quarter, equaling 4,601 won per share.
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