Samsung Q3 Operating Profit Surges 783% on AI Memory Demand
Samsung Electronics reported preliminary third-quarter results, with operating profit surging 783% year-over-year and increasing 20.01% quarter-over-quarter, slightly exceeding analyst expectations. Surging demand for artificial intelligence chips drove profit…
Samsung Electronics reported preliminary third-quarter results, with operating profit surging 783% year-over-year and increasing 20.01% quarter-over-quarter, slightly exceeding analyst expectations. Surging demand for artificial intelligence chips drove profit growth in its memory business. Samsung expects Q3 operating profit of 107.4 trillion Korean won (approximately $80.17 billion) and revenue of 195 trillion Korean won, up 127% year-over-year.
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