Samsung Passes Nvidia To Become Most Profitable Company In the World

Samsung Electronics surpassed Nvidia to become the world's most profitable technology company in the second quarter of 2026, driven by AI-fueled demand for memory chips. Samsung's chip division alone is projected to earn more in 2026 than it did over the past 40 years combined, with operating profit reaching $58.5 billion in Q2 versus Nvidia's $53.54 billion.

Samsungâ TM s chip division is projected to earn more in 2026 than it made across its previous 40 years in semiconductors, driven by soaring AI-fueled demand for memory and storage. The companyâ TM s latest quarterly operating profit reportedly topped Nvidiaâ TM s, making Samsung the worldâ TM s most profitable tech company for the period. Tom's Hardware reports: Brokerage consensus puts Samsung's full-year 2026 operating profit near 300 trillion won $196 billion , and its second-quarter figure at about 84.6 trillion won $55.1 billion . Samsung easily beat the consensus with $58.5 billion when it posted preliminary results on July 7, overtaking Nvidia's most recent quarterly operating profit of $53.54 billion and becoming the most profitable technology company in the world for the period, on the back of AI-driven memory demand. Samsung's DS division booked 53.7 trillion won $35.1 billion of the company's 57.2 trillion won in total operating profit during the first quarter of 2026, roughly 94% of the total, which is why the division's projection sits so close to Samsung's full-year consensus. "This year's profit will exceed the cumulative profit generated over the past 40 years since we entered the semiconductor business," Kim Yong-Kwan told staff, scoping the claim to the chip business rather than the wider conglomerate. Further reading: Samsung Chip Workers To Get $340,000 Average Bonus In AI Boom Read more of this story https://hardware.slashdot.org/story/26/07/07/1927217/samsung-passes-nvidia-to-become-most-profitable-company-in-the-world?utm source=rss1.0moreanon&utm medium=feed at Slashdot.