Samsung forecasts $80 billion profit on AI boom, highest quarterly for any tech company
Samsung forecast third-quarter operating profit of 107.4 trillion won ($80.17 billion), nearly nine times the year-earlier level and slightly above estimates. It projected revenue would rise 127% to 195 trillion won.
1. Record profit forecast
Samsung Electronics projected third-quarter operating profit of 107.4 trillion won ($80.17 billion), its fourth consecutive quarterly record. The estimate was slightly above the 106.1 trillion won analyst estimate cited in the article.
2. AI chip demand
Strong memory sales, driven by demand for AI chips, are expected to account for most of the earnings improvement. Samsung and Micron expected the memory chip supply imbalance to persist into 2028, while rising chip costs are squeezing margins in Samsung’s smartphone and consumer electronics businesses.
3. Risks and next results
Samsung cited potential risks to the longer-term outlook, including Chinese competition and possible U.S. semiconductor tariffs. The company said it would release detailed results, including a breakdown by business division, on October 29.
