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Samsung posts record profit in Q3 on AI chip boom - Finance news and analysis from Global Banking & Finance Review
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Samsung posts record profit in Q3 on AI chip boom

Published by Global Banking & Finance Review

Posted on October 29, 2026

1 min read

· Last updated: October 29, 2026

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Samsung's Third-Quarter Profit Hits Record High Amid AI Chip Boom

Record-Breaking Financial Performance Driven by AI Chip Demand

(Corrects period in paragraph 2 to July-to-September, not July-to-October)

Samsung's Operating Profit Soars

SEOUL, Oct 29 (Reuters) - Samsung Electronics said on Thursday its operating profit rose nearly ninefold to a record high in the third quarter, driven by robust demand for AI chips, even as investors remained wary about the durability of AI spending.

Financial Details for the Third Quarter

The world's top memory chipmaker reported operating profit of 107.4 trillion won ($80.04 billion) for the July-to-September period, in line with its estimate and up from 12.2 trillion won a year earlier.

Market Impact and Industry Outlook

Its cross-town rival SK Hynix on Wednesday reported strong earnings and an upbeat outlook, helping to ease market concerns that AI-driven chip earnings could lose momentum, driving up shares of Samsung and SK Hynix.

($1 = 1,341.7500 won)

(Reporting by Hyunjoo Jin; Editing by Sonali Paul)

Key Takeaways

  • Samsung’s third‑quarter operating profit soared to 107.4 trillion won, a nearly ninefold increase year‑on‑year, powered by robust memory chip demand for AI applications (news.samsung.com).
  • The Memory Business led growth with strong AI product mix, HBM4 and server SSD sales, helping Samsung hit its first ever KRW 100 trillion quarterly operating profit (news.samsung.com).
  • SK Hynix also delivered record Q3 results—operating profit of 83.3 trillion won and revenue of 104.6 trillion won—underscoring the sustained AI‑driven memory chip boom (news.skhynix.com).

References

Frequently Asked Questions

What drove Samsung's record Q3 profit in 2023?
Samsung's Q3 profit surge was driven by strong demand for AI chips.
How much did Samsung's operating profit increase year-over-year?
Samsung's operating profit rose from 12.2 trillion won to 107.4 trillion won year-over-year.
Which period does Samsung's record Q3 profit cover?
The record profit covers the July-to-September 2023 period.
How did SK Hynix's results impact the market?
SK Hynix's strong earnings and positive outlook helped ease concerns about the sustainability of AI chip earnings and boosted shares of both SK Hynix and Samsung.
What is the exchange rate used in the article for won to US dollars?
The article uses an exchange rate of 1,341.7500 won to $1.

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