Samsung Electronics’ latest quarterly profit surged 19-fold, just surpassing elevated expectations due to relentless demand for memory chips needed in artificial intelligence data centers.
Earnings by the world’s largest producer of memory chips are in the spotlight as investors seek to justify sky-high investments and valuations around AI. Global semiconductor shares jumped to record levels earlier this year, but have hit turbulence on fears about increased competition, possible overcapacity and whether plans for hundreds of billions of dollars in investment will pay off.
Samsung reported preliminary operating income of 89.4 trillion South Korean won ($58 billion) in the three months through June, dwarfing its performance for all of 2025. Analysts on average had projected 84.2 trillion won. Revenue more than doubled to 171 trillion won, also beating expectations. Samsung is slated to release a full financial statement, including net income and divisional breakdowns, around the end of the month.