Samsung's Q3 Operating Profit Soars 783% As AI Boom Drives Record Earnings
Seoul: Samsung Electronics said on Thursday its third-quarter net profit jumped more than six-fold from a year earlier, with its memory business generating most of the company's quarterly operating profits amid an artificial intelligence (AI)-related boom. Also Watch: Net profit for the July-September period came to 75.13 trillion won ($56.2 billion), up 514.6 percent from 12.22 trillion won a…
Seoul: Samsung Electronics reported a staggering 783 percent increase in its operating profit for the third quarter, reaching an impressive 107.44 trillion won, as the AI boom fueled record earnings. The memory business was the primary driver of the company's operating profits, with semiconductor sales posting an operating profit of 106.5 trillion won, accounting for 99.1 percent of the total.
Samsung claimed this marks the first time in global tech company history to achieve quarterly operating profits exceeding 100 trillion won, while also setting record quarterly revenue and operating profit for the fourth consecutive quarter.
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