Samsung Q3 Profit Surge Driven by Chip Rebound and AI Demand
Samsung Electronics reported a staggering 12.2 trillion Korean won in operating profit for Q3, more than doubling its previous quarter's performance. Revenue reached 86.1 trillion won, surpassing forecasts and marking an 8.85% year-over-year increase. The standout performer was the Device Solutions division, where operating profit soared to 7.0 trillion won, fueled by record sales of high-bandwidth memory chips for AI applications.
The chip unit's 19% quarterly revenue jump underscores a dramatic recovery from earlier weakness, with memory segment sales hitting an all-time high. Samsung's shares rallied over 5% in early trading as investors cheered the turnaround. This rebound signals broader semiconductor market resilience, with AI-driven demand now offsetting prior cyclical downturns.
