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Samsung Electronics released preliminary earnings reports on Thursday, showing that benefiting from the explosive growth in demand for artificial intelligence chips, the company performed strongly in the third quarter. From July to September of this year, Samsung's estimated operating profit reached 107.4 trillion won, a nearly eight-fold increase from 12.17 trillion won in the same period last year. Not only did it hit a record high for the fourth consecutive quarter, but it also exceeded the market forecast of 106.1 trillion won. Meanwhile, revenue for the third quarter was estimated at 195 trillion won, a sharp increase of 127% over the previous year. As AI infrastructure construction has far exceeded the expansion of memory chip production capacity, the prices of traditional DRAM, NAND flash memory, and high-bandwidth memory required for AI continue to soar, and this gap between supply and demand is expected to continue until 2027. Detailed profit details for each business unit will be revealed in the official earnings report later this month.
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Samsung Electronics released preliminary earnings reports on Thursday, showing that benefiting from the explosive growth in demand for artificial intelligence chips, the company performed strongly in the third quarter. From July to September of this year, Samsung's estimated operating profit reached 107.4 trillion won, a nearly eight-fold increase from 12.17 trillion won in the same period last year. Not only did it hit a record high for the fourth consecutive quarter, but it also exceeded the market forecast of 106.1 trillion won. Meanwhile, revenue for the third quarter was estimated at 195 trillion won, a sharp increase of 127% over the previous year. As AI infrastructure construction has far exceeded the expansion of memory chip production capacity, the prices of traditional DRAM, NAND flash memory, and high-bandwidth memory required for AI continue to soar, and this gap between supply and demand is expected to continue until 2027. Detailed profit details for each business unit will be revealed in the official earnings report later this month.
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