Samsung forecasts record Q3 operating profit of 107.4 trillion won on AI chip demand
Overview
Samsung Electronics projected preliminary third-quarter operating profit of 107.40 trillion won (about $80.2 billion), the first time its quarterly profit has topped 100 trillion won.
The company attributes the surge to strong demand for artificial intelligence, which is fueling 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% on the Thursday morning following the announcement. Full third-quarter earnings are expected later in the month.
Written by AI from the articles below · updated Oct 8, 8:56 PM ET
Check the sources:
Article timeline
Follow the coverage from different perspectives. Times are ET.
- CNBC · TechnologySamsung forecasts record third-quarter profit of $80 billion on AI chip demand
AISamsung 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.
Heat trend
Not enough continuous observations to show a trend yet.