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Samsung estimates Q2 operating profit of ~$58.44B, a 19-fold jump

Samsung estimates Q2 operating profit of ~$58.44B, a 19-fold jump from a year earlier and above a ~$57.02B estimate, and revenue up 129% YoY to ~$111.7B

Samsung Electronics (005930.KS) on Tuesday forecast a 19-fold jump in second-quarter operating profit from a year earlier, as AI-driven demand continued to lift memory chip prices.

Source: Reuters · Opens in new tab