Samsung projects record 107 trillion won quarterly profit driven by AI
Samsung Electronics expects to hit a record preliminary third quarter operating profit of over 100 trillion won due to high demand in the artificial intelligence sector.
FTMQ Tech, written by our newsroom0 views
Samsung Electronics reported preliminary third quarter earnings on Thursday, forecasting an operating profit that will surpass 100 trillion won for the first time. CNBC Tech and SamMobile both report that the company expects a record quarterly operating profit of approximately 80 billion dollars, or 107.40 trillion won. [1][3]
The memory division at Samsung Electronics could see margins top 80 percent during the quarter, according to TrendForce. CNBC Tech reports that the overall financial growth for the South Korean technology firm comes on the back of a booming artificial intelligence sector. [1][4]
The company was originally established as a trading firm in 1938 by founder Lee Byung-chul. The name Samsung comes from the Korean characters for three stars, which symbolise endurance and prosperity. [6]
Separately, consumer deals on Samsung hardware continue during major retailer sales events. Mashable reported on Wednesday that the Samsung Galaxy Watch 8 dropped to a sale price of 219.99 dollars on Amazon, down from its standard 299.99 dollar list price. [2]
In short
- Samsung Electronics expects preliminary third quarter operating profit to reach 107.40 trillion won.
- Memory business margins for Samsung could exceed 80 percent in the third quarter.
- The Samsung Galaxy Watch 8 retail price dropped to 219.99 dollars during an October sale.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Samsung forecasts record third-quarter profit of $80 billion on the back of AI boomCNBC Tech, 4h ago (the report this story comes from)
- [2]Samsung’s Galaxy Watch 8 has dropped in price again — save $80 on October Prime DayMashable, 18h ago
- [3]Samsung on track to hit record $80 billion quarterly profit in Q3 2026SamMobile, 20h ago
- [4][News] Samsung 3Q Preliminary Results Preview: Market Sees Historic KRW 100T Profit, Memory Margin Could Top 80%TrendForce, 22h ago
Background
- [5]Samsung Galaxy Note 7 on Wikipedia
- [6]Samsung on Grokipedia
Our newsroom writes these reports with the help of software, from the 6 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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