Samsung posts record third-quarter profit as AI chip demand surges
Samsung Electronics' operating profit nearly rose ninefold to a record in July–October, according to Reuters, lifted by AI chip demand.
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what happened
Samsung Electronics said on Thursday that its third-quarter operating profit grew almost ninefold to a record. The company credits the gain to strong demand for chips used in artificial intelligence systems, though investors remain doubtful about how long the surge in AI spending will last.
The world's largest memory chipmaker earned 107.4 trillion won ($80.04 billion) over the July-to-October period. That matched the company's own forecast and was far above 12.2 trillion won a year earlier.
why it matters
A day earlier, SK Hynix reported strong earnings and an optimistic outlook, easing market worries that AI-driven chip profits might lose momentum. Shares of both companies rose. For markets, this suggests South Korea's chip sector still relies on AI memory demand, though the durability of that investment remains an open question.
market impact
Samsung and SK Hynix shares: strong results and AI chip demand support the stocks
- Samsung Electronics shares pressure up — record profit and AI chip demand support the stock
- SK Hynix shares pressure up — strong earnings and an upbeat outlook boost confidence in the sector
tags
instruments
sources
- Samsung posts record profit in Q3 on AI chip boom — Reuters, 29 October 2026 at 00:53 UTC
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