Samsung Electronics is expected to post a sharp jump in quarterly profit driven by continued AI-related demand for memory chips, according to multiple reports citing the company’s preliminary earnings guidance and analyst expectations. For the April-to-June period (Q2), Samsung estimates operating profit of 89.4 trillion won (about $58 billion to $58.4 billion), which would be roughly 18 to 19 times higher than the same quarter a year earlier, when operating profit was about 4.7 trillion won. Several outlets describe the result as a record level, with Samsung potentially achieving its third straight quarter of record operating profit. Financial Times and other coverage links the strong performance to high memory chip prices, reflecting robust pricing and supply conditions tied to AI demand. Some reports also note that Samsung’s share price may fall despite the profit outlook, pointing to investor concerns about whether the AI boom and memory pricing strength will persist beyond the current quarter. Overall, the articles converge on the same core figures and the central driver: elevated AI-driven demand for memory products supporting significantly higher earnings.
Samsung expected to report record profit surge on AI-driven memory chip demand
Samsung Electronics is expected to post a sharp jump in quarterly profit driven by continued AI-related demand for memory chips, according to multiple reports citing the company’s preliminary earnings...
- Samsung estimates April–June (Q2) operating profit of 89.4 trillion won (about $58 billion).
- The forecast implies an about 18- to 19-fold increase versus operating profit of roughly 4.7 trillion won a year earlier.
- Multiple outlets say it would be Samsung’s third consecutive quarter of record operating profit.
- Reports attribute the surge largely to continued AI-driven demand for memory chips and higher memory chip prices.
- Some coverage notes Samsung shares fall or face jitters despite the strong profit outlook.
South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips. The world’s largest memory chipmaker estimated April-June operating profit at 89.4 trillion won ($58.4 billion) — up 1,810 percent on-year, a company statement said. Frenzied global demand […]...Keep on reading: Samsung expects 1,800% operating profit leap on AI boom
1 month agoInvestors wiped more than $80 billion off Samsung's market value on concerns that AI infrastructure spending may not sustain the memory chip boom
1 month agoSouth Korean chipmaker Samsung Electronics posted record quarterly profits Tuesday thanks to the global AI infrastructure buildout coupled with a memory chip shortage. Also in this edition, oil futures rise as tensions reignite in the Hormuz Strait and Canada commits to its biggest-ever defence contract. Finally, Cuba experiences its third nationwide blackout of the year as its fuel reserves dwindle.
1 month agoSamsung Electronics has forecast a nineteen-fold leap in quarterly profit, its third record quarter in a row, yet investors responded by wiping more than $100 billion (€87.5bn) off the company's value amid doubts over how long the AI-driven memory boom can last.
1 month agoSamsung Electronics guided to second-quarter operating profit of about 89.4 trillion won ($58.4bn) on Tuesday, roughly 19 times what it made in the same period a year earlier and, by most counts, the largest quarterly operating profit any technology company has ever reported. It is Samsung’s third consecutive record quarter, and it came in ahead of the roughly 84 […] This story continues at The Next Web
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