Samsung Electronics announced preliminary third-quarter operating profit of 107.40 trillion won, equivalent to $80.2 billion, marking the first time the company surpassed the 100 trillion won threshold. The result represented a 782% increase compared to the same quarter the previous year, with revenue projections of approximately 195 trillion won, up nearly 127% year-over-year.
Despite the record performance, Samsung’s stock price fell 0.7% on the day of the announcement. Industry analysts noted the market’s exceptionally high expectations for memory chip manufacturers amid robust artificial intelligence demand. One analyst observed that achieving record profits while disappointing investor expectations underscored the intensity of competition within the artificial intelligence sector.
The broader chip market dynamics remain favorable for Samsung, with artificial intelligence spending continuing to drive memory demand across the industry. Supply constraints persist, and memory buyers have begun committing to multiyear supply agreements with Samsung, providing the company with greater visibility over future demand and reducing uncertainty about potential market downturns typical in the semiconductor business.
Samsung has actively pursued artificial intelligence initiatives, including a strategic partnership announced in September with French artificial intelligence startup Mistral AI. The collaboration includes plans to integrate Mistral’s artificial intelligence models into Samsung’s semiconductor operations. The company’s previous quarter had delivered record revenue of 171.5 trillion won and record operating profit of 89.5 trillion won, with the memory business serving as the primary growth driver.
Full third-quarter earnings details, including divisional breakdowns, were expected to be released later in the month.
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