South Korean technology giant Samsung Electronics on Thursday reported a record operating profit of ₩89.5 trillion (€54 billion) for the April-to-June period, up 56% quarter on quarter and more than 19 times the level recorded a year earlier.
Based on Samsung’s published rounded figures, the semiconductor business’s operating profit rose to ₩89.2 trillion (€53.8 billion), 223 times its year-earlier level of ₩0.4 trillion (€241 million).
Samsung's semiconductor business benefited from rising chip prices driven by demand for AI servers and increased shipments of advanced high-bandwidth memory chips used to power AI applications. That outweighed an operating loss in its mobile, TV and home appliances division, partly due to higher component costs.
Samsung's quarterly revenue rose 28% quarter on quarter and 130% year on year to ₩171.5 trillion (€103.5 billion), an all-time high. The company said it expects demand for its memory products to remain strong in the second half of the year, driven by the continued expansion of AI infrastructure and the broader adoption of agentic AI. Demand for server chips is expected to accelerate further, keeping the market undersupplied, it said in a statement.
