TechBloomberg58m ago
Samsung reports preliminary Q3 operating profit up 782% YoY
Samsung reports preliminary Q3 operating profit up 782% YoY to ~$80.1B, vs. ~$81.2B est., and revenue up 127% to ~$145.7B, lower than expected
TL;DRSamsung's Q3 profit surged 782% YoY, but missed revenue estimates as AI chip demand drives earnings.
Why it matters: Memory chip pricing power is temporary; missing revenue targets signals margin gains won't sustain growth indefinitely.
Samsung Electronics Co. posted another record profit as surging memory chip prices and relentless spending on artificial-intelligence infrastructure boosted its earnings.
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