Samsung Electronics estimated a 19-fold rise in operating profit for the second quarter of 2026, beating analysts' expectations. This was reported by Qazaqyia.kz citing Reuters.
According to the company's preliminary data, operating profit for April-June was approximately 14 trillion Korean won (about $10.5 billion), sharply up from 0.7 trillion won in the same period last year. The figure also exceeded market forecasts of 13.3 trillion won.
The surge in profit was driven by increased demand for semiconductors and smartphones, particularly chips for artificial intelligence. Samsung's memory chip division saw significant growth due to demand from AI servers.
The full financial report is expected to be released in late July 2026.