{"id":795346,"date":"2026-10-07T23:56:19","date_gmt":"2026-10-07T23:56:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/795346\/"},"modified":"2026-10-07T23:56:19","modified_gmt":"2026-10-07T23:56:19","slug":"samsung-forecasts-record-third-quarter-profit-of-80-billion-on-the-back-of-ai-boom","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/795346\/","title":{"rendered":"Samsung forecasts record third-quarter profit of $80 billion on the back of AI boom"},"content":{"rendered":"<p>The Samsung logo represents the global technology leader and South Korean company Samsung Electronics, known for its Exynos and Snapdragon-powered mobile ecosystems, AMOLED display innovation, and the integration of Galaxy AI across its high-end device lineup. It is displayed on a large-scale illuminated sign during the Mobile World Congress (MWC) in Barcelona, Spain, on March 4, 2026. (Photo by Joan Cros\/NurPhoto via Getty Images)<\/p>\n<p>Nurphoto | Nurphoto | Getty Images<\/p>\n<p>Samsung Electronics on Thursday reported third-quarter preliminary operating profit of 107.40 trillion won ($80.2 billion), surging past 100 trillion won for the first time in the company&#8217;s history as booming demand for artificial intelligence continues to fuel its chips business.<\/p>\n<p>Quarterly operating profit jumped 782% from a year earlier. Revenue came in at about 195 trillion won, up nearly 127% from the same period last year.<\/p>\n<p>Samsung, the world&#8217;s largest memory chipmaker, has benefited from surging demand for memory used in AI infrastructure. In the second quarter, the company <a href=\"https:\/\/www.cnbc.com\/2026\/07\/30\/samsung-q2-earnings-ai-chip-.html\" rel=\"nofollow noopener\" target=\"_blank\">posted<\/a> record revenue of 171.5 trillion won and record operating profit of 89.5 trillion won, driven by its memory business.<\/p>\n<p>The company has also stepped up investments and partnerships tied to AI. In September, Samsung <a href=\"https:\/\/www.cnbc.com\/2026\/09\/08\/mistral-ai-funding-valuation-samsung.html\" rel=\"nofollow noopener\" target=\"_blank\">announced<\/a> a strategic partnership with French artificial intelligence startup Mistral AI, with plans to deploy the startup&#8217;s AI models across its semiconductor operations.<\/p>\n<p>Samsung is expected to release its full third-quarter earnings, including a breakdown by business division, later this month.<\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The Samsung logo represents the global technology leader and South Korean company Samsung Electronics, known for its Exynos&hellip;\n","protected":false},"author":2,"featured_media":795347,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,4117,7796,273,12055,467,69737,4118,86,56,54,55],"class_list":["post-795346","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news-markets","tag-breaking-news-technology","tag-business-news","tag-earnings","tag-markets","tag-samsung-electronics-co-ltd","tag-stock-markets","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/795346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=795346"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/795346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/795347"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=795346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=795346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=795346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}