Samsung Posts 107.4 Trillion Won Third-Quarter Operating Profit
Memory-chip demand tied to AI helped Samsung exceed Nvidia’s estimated profit, while analysts expect further growth in the fourth quarter.
Key takeaways
- Samsung reported 107.4 trillion won in third-quarter operating profit.
- The result exceeded Nvidia’s estimated 97 trillion won for the same period.
- KB Securities expects Samsung’s fourth-quarter operating profit to reach 114 trillion won.
Samsung Electronics reported third-quarter operating profit of 107.4 trillion won, about $75 billion. That was up 783% from a year earlier and 20% from the previous quarter.
The result exceeded Nvidia’s estimated 97 trillion won in operating profit for the same period, giving Samsung the highest quarterly operating profit globally for that period, according to the article. Rising demand for advanced memory chips used in AI systems helped drive the result.
The company’s memory business, including DRAM and NAND flash, was a key contributor. KB Securities analysts said higher prices for high-bandwidth memory could continue to support profitability, and forecast average HBM selling prices could rise more than 100% year over year.
KB Securities expects fourth-quarter operating profit of 114 trillion won, including 113 trillion won from memory chips. Those are analyst estimates, not reported results.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
