Samsung forecasts record third-quarter profit of $80 billion on AI chip demand

Samsung Electronics projected third-quarter preliminary operating profit of 107.40 trillion won ($80.2 billion), topping 100 trillion won for the first time as AI demand fuels its chips business.

The forecast is up 782% from a year earlier, on revenue of about 195 trillion won, up nearly 127%. Samsung shares fell 0.7% Thursday morning, and full third-quarter earnings are expected later this month.