Samsung Q3 earnings: record KRW 107 trillion profit caps the AI memory boom
Samsung Electronics just became the first technology company to exceed KRW 100 trillion in quarterly operating profit, and the quarter that did it was almost entirely a memory story. In results released October 29, the company reported KRW 195.3 trillion in revenue for the three months ended September 30, an all-time high, and KRW 107.4 trillion in operating profit.
Key Takeaways Samsung posted KRW 107.4 trillion in third-quarter operating profit, the first technology company to top KRW 100 trillion in a single quarter. Consolidated revenue hit a record KRW 195.3 trillion, up 14% from the prior quarter. The memory business set records on HBM4 and server demand, and management expects AI deman…
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