Samsung Q3 profit jumps nearly nine-fold as AI memory boom lifts chip earnings
SEOUL, Oct 8 : Samsung Electronics on Thursday projected a nearly nine-fold jump in third-quarter operating profit from a year earlier, beating analysts' estimates as booming demand for artificial intelligence chips drove strong memory earnings.
The world's largest memory chipmaker estimated an operating profit of 107.4 trillion won ($80.17 billion) for the July-September period, compared with an LSEG SmartEstimate of 106.1 trillion won, a regulatory filing showed.
Samsung's fourth consecutive quarter of record operating profit, up from 12.17 trillion won a year earlier, underscores how soaring demand for AI infrastructure has outstripped memory chip supply growth, a gap expected to persist into 2027.
Prices have soared due to the tight supply of conventional DRAM and NAND chips as well as growing demand for high-bandwidth memory (HBM), essential for processing vast amounts of data for AI applications.
CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Third-quarter revenue would likely rise 127 per cent to 195 trillion won from a year earlier, Samsung said. The company is expected to release detailed results, including a breakdown of earnings by business division, later this month. ($1 = 1,339.5700 won)
Third-quarter revenue would likely rise 127 per cent to 195 trillion won from a year earlier, Samsung said.
The company is expected to release detailed results, including a breakdown of earnings by business division, later this month.
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