AI Business
3d ago
Samsung's Quarterly Profit Surges Due to High Demand for AI Memory Chips
Jul 6, 2026
AI Summary
Samsung Electronics reported a significant increase in quarterly profit, driven by strong demand for memory chips used in AI data centers. The company's preliminary operating income reached 89.4 trillion won, exceeding analyst expectations.
- Samsung Electronics Co. reported a quarterly profit increase of 19-fold, with preliminary operating income of 89.4 trillion won ($58 billion) for the three months ending in June.
- This figure surpassed analysts' expectations, which averaged 84.2 trillion won.
- Revenue for the quarter was 171 trillion won, also exceeding the average estimate of 169.2 trillion won.
- A full financial statement, including net income and divisional breakdowns, is expected to be released at the end of the month.
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