Samsung posts record profit as AI infrastructure spending boosts memory chip earnings

Samsung Electronics expects record Q3 operating profit of 107.4 trillion won, up 782.5% YoY, driven by semiconductor demand. Revenue is projected at 195 trillion won, up 126.6% YoY. The company's Device Solutions division, including memory chips, was the main profit driver in Q2. Samsung has partnered with Mistral AI to integrate AI into semiconductor operations. Full financial details will be released later this month.

Samsung Electronics reported a 782.5% year-over-year increase in operating profit to 107.4 trillion won ($80.2B) in Q3, driven by strong demand for AI-related semiconductors. Revenue rose 126.6% to 195 trillion won, marking four consecutive quarters of record growth. The company's operating profit margin reached 55.1%. Detailed results for individual business divisions are pending.

Samsung Electronics estimated its third-quarter operating profit at 107.4 trillion won ($80.2 billion), a 782.5% year-over-year increase, driven by AI memory chip demand. Sales rose 126.6% to 195 trillion won. This would be the largest quarterly profit in tech history, surpassing Nvidia's $63.7 billion. Analysts expected higher sales, but the profit beat estimates. Samsung's shares fell 2.42% despite the record. According to the company, memory chips are a key driver of the profit surge.

Samsung Electronics (005930) reported record Q3 2026 profit of $80B on revenue of 195T won, up 127% YoY. Analysts expect AI memory demand growth, but note slowing price increases. Mobile unit losses and foundry profitability remain concerns. Stock fell 2.42% post-announcement, 30% below 52-week high.

Samsung Electronics forecasts record Q3 operating profit of 107.4 trillion Korean won ($80.17B), up 9x YoY, driven by AI chip demand. Revenue estimated at 195 trillion won, up 126.6% YoY. Semiconductor operations, particularly HBM chips, drove growth, while mobile and foundry businesses faced losses. Samsung also invested in AI infrastructure companies.

Samsung will add USDC stablecoin support to its Wallet app for US users, allowing transfers to external wallets and bank accounts abroad. While transfers to crypto wallets are fee-free, bank transfers incur undisclosed fees. Samsung partners with Bastion and Coinbase for custody and infrastructure, with the feature launching in late October 2026 for eligible users. The service supports Solana and Sui blockchains, but the SUI token is not supported.