Samsung Electronics smashes records with Q3 operating profit

Samsung Electronics reported preliminary Q3 revenue of KRW 195 trillion, up 14% sequentially, and an operating margin of 55%, up 289 basis points. The company will release full results on October 29. Shares were unchanged after the announcement.

Samsung Electronics estimates a 9x YoY increase in Q3 operating profit to 107.4T won, missing analyst expectations. Sales were around 195T won, also below estimates. The chip division is expected to perform well, while the electronics unit will report a loss. Shares fell 2.4% in Seoul trading.

Samsung Electronics reported a record quarterly operating profit of 107.4 trillion won, up 782.5% year-over-year. Despite this, shares fell 2.42% as investors questioned the sustainability of earnings growth. Analysts are divided on the outlook, with some predicting a prolonged memory chip upcycle and others cautioning of a potential downturn. The company plans to return 50% of its free cash flow to shareholders between 2024 and 2026.

South Korea's KOSPI index fell 2.62% to 6,625.93 despite Samsung Electronics(005930) reporting record earnings of 10.74 trillion won. Foreign and institutional selling, ETF rebalancing, and profit-taking drove the decline. Samsung's stock dropped 2.42%, while LG Energy Solution(373220) and Samsung SDI gained. Other major stocks like SK hynix(000660) and Hyundai Motor also fell.

Samsung Electronics reported a record quarterly operating profit of 107.4 trillion won, up 782.5% year-over-year, driven by strong demand for memory chips. Revenue also hit a record 195 trillion won. Despite this, shares fell 1.77% amid broader market declines. Analysts estimate memory business profits offset losses in other divisions. The company plans to expand production and offer employee bonuses in shares.

Samsung Electronics reported a record quarterly profit of 107.4 trillion won ($80.17 billion), driven by strong demand for AI chips. This marks a nearly nine-fold increase in earnings, surpassing estimates. The company is the world's largest memory chip maker.