Samsung forecasts nine-fold jump in third-quarter operating profit

Samsung Electronics expects third-quarter operating profit of 107.4 trillion won ($80 billion), its fourth consecutive record quarter on surging AI chip demand.

• Samsung estimated operating profit of 107.4 trillion won ($80 billion) for July–September, roughly nine times the 12.17 trillion won from a year earlier.
• Samsung said third-quarter revenue is likely to rise 127 percent to 195 trillion won compared with the previous year.
• The company attributed the gains to strong demand for memory chips used in AI data centres and to higher prices amid a global chip shortage.
• Samsung will publish detailed results, including profit by business division, at the end of October.