Samsung Q3 profit jumps 783% as AI memory boom lifts chip earnings
07/10/2026 23:44
Samsung Q3 profit jumps 783% as AI memory boom lifts chip earnings SEOUL, Oct 8 (Reuters) - Samsung Electronics 005930.KS on Thursday projected a 783% jump in third-quarter operating profit from a year earlier, beating analysts' estimates as booming demand for artificial intelligence chips drove strong memory earnings.
The world's largest memory chipmaker estimated an operating profit of 107.4 trillion won ($80.17 billion) for the July-September period, compared with an LSEG SmartEstimate of 106.1 trillion won, a regulatory filing showed.
($1 = 1,339.5700 won)
(Reporting by Joyce Lee and Heekyong Yang; Editing by Sonali Paul)
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