Samsung Reports Record Q3 Operating Profit of $80.1 Billion Driven by AI and Memory Chip Surge
Earnings·2 articles across 2 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Samsung Electronics reported preliminary third-quarter earnings with an operating profit forecast to exceed 100 trillion won for the first time. The company anticipates a record profit of approximately $80.1 billion, a 782% increase year-over-year, although slightly below expectations of $81.2 billion.
The surge in profits is attributed to rising memory chip prices and significant investments in artificial intelligence infrastructure. Revenue for the quarter is projected to be around $145.7 billion, reflecting a 127% increase, but also falling short of expectations.
Samsung
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Samsung Electronics reported preliminary third-quarter earnings on Thursday, with operating profit forecast to top 100 trillion won for the first time.”
CNBC — Samsung forecasts record third-quarter profit of $80 billion on the back of AI boom“Samsung Electronics Co. posted another record profit that was just shy of sky-high expectations elevated by surging memory chip prices and relentless spending on AI infrastructure.”
Bloomberg — Samsung Reaches New Profit Record With Memory Chip Windfall“Yoolim Lee / Bloomberg: Samsung reports preliminary Q3 operating profit up 782% YoY to ~$80.1B, vs.”
techmeme — Samsung reports preliminary Q3 operating profit up 782% YoY to ~$80.1B, vs. ~$81.2B est., and revenue up 127% to ~$145.7B, lower than expected (Yoolim Lee/Bloomberg)
Earlier versions
- Oct 7, 10:58 PM — Samsung Forecasts Record Q3 Profit of $80 Billion on AI Boom (1/1)