Samsung operating profit up 1,800% in second quarter on AI boom

North America Business Fri, 31 Jul 2026 23:57:23 GMT High confidence — 75/100

SEOUL: South Korean technology giant Samsung Electronics posted on Thursday (Jul 30) a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.
The world's largest memory chipmaker posted April-June operating profit of 89.49 trillion won (US$62 billion) - up 1,813.8 per cent on-year, the company said in a regulatory filing.
The firm posted revenue of 171.49 trillion won, up 130 per cent from a year earlier.

SEOUL: South Korean technology giant Samsung Electronics posted on Thursday (Jul 30) a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.
The world's largest memory chipmaker posted April-June operating profit of 89.49 trillion won (US$62 billion) - up 1,813.8 per cent on-year, the company said in a regulatory filing.
The firm posted revenue of 171.49 trillion won, up 130 per cent from a year earlier.

Sources: CNA