Samsung's Q3 profits surge sharply

Samsung Electronics announced that its operating profits in the third quarter increased by nearly nine times compared to the same period last year, surpassing analysts' expectations. This growth was driven by booming demand for artificial intelligence chips. The company estimated its profits at approximately 107.4 trillion won (about $80.17 billion), with projections to increase revenues by 127% to reach 195 trillion won. This reflects higher chip prices due to a supply shortage and rising demand for high-bandwidth memory and AI devices. Forecasts indicate that this growth is expected to continue until 2027. Samsung has achieved record quarterly profits since the last quarter of 2025, marking its first quarterly earnings exceeding 100 trillion won.

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