Samsung reports $80 billion operating profit as AI memory sales rise

Demand for memory chips used in AI infrastructure helped lift Samsung Electronics' quarterly operating profit to 107.4 trillion won, compared with 12.2 trillion won a year earlier. The Next Web says the third-quarter figures confirm preliminary results released earlier in the month. Samsung's shares nevertheless fell, according to Quartz.

Covered by 2 publishers within 4 hours of the first report.

• The Next Web: Samsung posts record $80bn quarterly profit on AI memory demand
• Latest 9:20 AM ET Quartz: Samsung stock slips despite posting its first-ever $80 billion quarterly profit

Reporting2

TNW The Next Web Samsung posts record $80bn quarterly profit on AI memory demand · Cristian Dina 5:09 AM

QZ Quartz Samsung stock slips despite posting its first-ever $80 billion quarterly profit · Cris Tolomia 9:20 AM

Related

BL SK Hynix, Samsung, Kioxia, CXMT Earnings Test AI Boom in Memory Market October 25

DT Samsung Electro-Mechanics wins KRW360.5 billion memory substrate deal as AI demand drives expansion October 20

WCF Samsung warns memory supply constraints will persist into 2028 October 29

GSM Samsung and SK Hynix are upgrading their NAND factories in China October 21

Topics Samsung