Samsung Electronics issues earnings guidance for the second quarter (April to June), projecting consolidated sales of 171 trillion won (about $58.4–$58.8 billion) and operating profit of 89.4 trillion won. Samsung’s guidance indicates year-over-year operating profit growth of about 1,810.3% and sales growth of 129.3%. Compared with the first quarter, operating profit is estimated to rise about 56.2%, while sales are expected to increase about 27.7%.

The projected operating profit surpasses Samsung’s prior quarterly record of 57.23 trillion won set in the first quarter of this year, extending what the company describes as a streak of record revenue and operating profit for a third consecutive quarter. One outlet notes that the projected second-quarter operating profit exceeds Samsung’s combined operating profit over roughly the prior three years, underscoring the scale of the jump during this period.

Sources attribute the strong outlook to global demand for artificial intelligence (AI) chips, linking Samsung’s improved results to the ongoing AI chip boom.