Samsung Electronics is reported to take the lead over Nvidia as the world’s most profitable technology company for the latest quarter, driven by strong demand for AI-related memory chips and storage. Multiple reports say Samsung posts a record quarterly operating profit of about 89.4 trillion won, which exceeds Nvidia’s previous quarterly operating income. One outlet also cites Samsung’s preliminary results released July 7, describing Samsung’s latest quarterly operating profit as roughly $58.5 billion, compared with Nvidia’s most recent quarterly operating profit of about $53.54 billion.\n\nThe profit gains are attributed to Samsung’s semiconductor business, with the company’s DS (Device Solutions) division accounting for the majority of overall operating profit. One report states DS contributes 53.7 trillion won out of 57.2 trillion won total operating profit in the first quarter of 2026, highlighting how closely the division is tied to the current surge. Looking ahead, a separate projection cited by another source estimates Samsung’s full-year 2026 operating profit could approach about 300 trillion won, with continued AI investment supporting demand for memory products.
Samsung overtakes Nvidia as most profitable technology company on AI chip demand
Samsung Electronics is reported to take the lead over Nvidia as the world’s most profitable technology company for the latest quarter, driven by strong demand for AI-related memory chips and storage....
- Samsung Electronics reports a record quarterly operating profit of about 89.4 trillion won.
- The reported figure exceeds Nvidia’s most recent quarterly operating profit, making Samsung the most profitable for the period.
- AI-driven demand for memory chips and related storage products is cited as the main driver.
- Samsung’s DS semiconductor division accounts for most of Samsung’s operating profit in the reported quarter.
- Projections for 2026 operating profit are cited in the reports, suggesting continued strength through the year.
Samsung's chip division is projected to earn more in 2026 than it made across its previous 40 years in semiconductors, driven by soaring AI-fueled demand for memory and storage. The company's latest quarterly operating profit reportedly topped Nvidia's, making Samsung the world's most profitable tech company for the period. Tom's Hardware reports: Brokerage consensus puts Samsung's full-year 2026 operating profit near 300 trillion won ($196 billion), and its second-quarter figure at about 84.6 trillion won ($55.1 billion). Samsung easily beat the consensus with $58.5 billion when it posted preliminary results on July 7, overtaking Nvidia's most recent quarterly operating profit of $53.54 billion and becoming the most profitable technology company in the world for the period, on the back of AI-driven memory demand. Samsung's DS division booked 53.7 trillion won ($35.1 billion) of the company's 57.2 trillion won in total operating profit during the first quarter of 2026, roughly 94% of the total, which is why the division's projection sits so close to Samsung's full-year consensus. "This year's profit will exceed the cumulative profit generated over the past 40 years since we entered the semiconductor business," Kim Yong-Kwan told staff, scoping the claim to the chip business rather than the wider conglomerate. Further reading: Samsung Chip Workers To Get $340,000 Average Bonus In AI Boom Read more of this story at Slashdot.
1 hour agoSamsung Electronics has become the world's most profitable technology company. This achievement was driven by booming demand for AI memory chips. The company reported a record quarterly operating profit of 89.4 trillion won. This profit exceeded Nvidia's previous record operating income significantly. Global AI investment remains steady, fueling continued demand for memory chips.
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