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Samsung hits record profits amid AI growth
Samsung Electronics announced that its net profit for the second quarter of 2026 reached 71.62 trillion won ($49.6 billion), marking a nearly 1300% increase compared to the same period last year. This surge is primarily attributed to strong demand for semiconductors used in artificial intelligence. The company also reported an 1814% rise in operating income, totaling 89.49 trillion won, alongside a 130% increase in sales, with record-breaking revenues in the electronic chip sector amounting to 127.5 trillion won. This growth is supported by ongoing investments in AI infrastructure and supply restrictions. Samsung expects the demand for semiconductors to continue in the second half of the year, with profit growth projected to persist, despite a decline in its stock due to concerns over costs and potential competition from China.
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