Monday, July 06, 2026

 

Samsung sees quarterly profit jump more than 1,800% on AI boom

07.07.2026,

Photo: Rolf Vennenbernd/dpa

Samsung Electronics said on Tuesday it expects second-quarter operating profit to surge more than 1,800% from a year earlier, as strong demand for artificial intelligence infrastructure boosted sales of its memory chips.

The South Korean technology giant forecast consolidated operating profit of 89.4 trillion won ($58 billion) for the April-June quarter, according to a preliminary earnings estimate.

The figure would mark Samsung's third consecutive quarter of record operating profit and exceed its operating profit for all of 2025, which totalled 43.6 trillion won.

Samsung, one of the world's largest semiconductor makers, has benefited from booming demand for advanced memory chips used in AI data centres and other computing infrastructure.

The forecast also topped the average market forecast compiled by South Korea's Yonhap news agency by 6.2%.

The earnings boom has fuelled debate in South Korea over how the benefits of the AI-driven semiconductor surge should be shared. Earlier this year, members of Samsung's labour union accepted a pay deal that included large annual bonuses for workers in the company's highly profitable chip division.

Samsung's quarterly figures are preliminary estimates. The company is expected to release detailed earnings results later this month.

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