Samsung Electronics has forecast a 32% increase in its third‑quarter operating profit, surpassing market expectations. The South Korean tech giant estimates operating profit of about 12.1 trillion won (US$8.5 billion) for the July‑September period, marking its largest quarterly earnings since the second quarter of 2022. This figure is 17.4% higher than the average estimate, according to Yonhap news agency.
The strong results stem from robust demand for server and artificial‑intelligence chips, which boosted both prices and shipments of conventional NAND and DRAM memory. Samsung has reclaimed the top spot in memory‑market revenue for the third quarter, driven by higher‑than‑expected prices and sales volumes of general‑purpose DRAM and NAND, especially in server and AI‑related applications. Overall sales rose 8.7% to 86 trillion won; net‑income data were not yet available.
Samsung is also poised to benefit from stronger mobile earnings, thanks to an improved product mix and solid demand for its latest foldables, including the new Galaxy Z Fold7. Earlier this month, the company signed preliminary deals with OpenAI to supply chips and other equipment for its Stargate project. In July, Samsung entered a $16.5 billion agreement with Tesla to produce Tesla’s next‑generation AI6 chip at its new chip plant in Taylor, Texas.
The final earnings report is expected at the end of the month, with Samsung’s shares up 2.79% in early trading in Seoul. The forecasted profit increase underscores Samsung’s strong position in the memory market and its expanding presence in AI and server chip sectors. Through strategic partnerships and investments in new technologies, the company is well‑positioned for future growth, and its performance will be closely watched by investors and industry analysts alike.
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