Samsung sees Q3 operating profit jump 782% on AI-driven memory chip demand
Samsung guided to a sharp Q3 profit surge, citing AI-driven demand for memory chips and strong revenue growth. The scale of the beat implies tight high-bandwidth memory conditions and reinforces expectations of sustained capex and pricing power across the memory supply chain. Near-term, the news is supportive for Samsung-linked equities and broader semiconductor sentiment as investors reprice earnings momentum tied to AI infrastructure buildouts.
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Samsung Electronics issued third-quarter guidance, expecting strong memory chip sales driven by AI demand. The company forecast operating profit to rise 782% year on year. It also projected revenue of about 195 trillion won, up nearly 127% from the same period last year. Samsung said the quarter could set a new profit record.