Forecast Overview
Samsung Electronics (KS:005930) forecast a record‑high operating profit of 89.4 trillion won (≈ $58.43 billion) for the quarter ended 30 June 2026, representing more than a 19‑fold increase from the 4.68 trillion won reported a year earlier and surpassing Bloomberg’s consensus estimate of 84.2 trillion won. The company said this would be its largest profit ever and marks the third consecutive quarter of record earnings.
Revenue Projection
The firm projected revenue to more than double, reaching 171 trillion won, up from 74.57 trillion won in the comparable period of the prior year.
Drivers of Growth
The surge is attributed to outsized demand from the artificial‑intelligence (AI) sector, as leading global technology companies continue to invest billions in expanding computing capacity. This has heightened demand for high‑bandwidth memory and conventional DRAM, tightening supply and pushing memory prices higher across the board. Samsung, a major supplier to NVIDIA Corporation, is also deploying NVIDIA’s AI GPUs in its own data‑center operations.
Segment Outlook
- Memory Business: Expected to remain the primary profit engine for the quarter.
- Foundry Business: Anticipated to record potential losses owing to increased bonus expenses after a substantial payout to chip‑division workers in May.
- Smartphone & Electronics: Likely to encounter headwinds from rising memory costs, which are expected to dampen consumer demand.
Upcoming Disclosure
Samsung announced that its full second‑quarter earnings will be released on 30 July 2026.
Publication Details
The information originates from a Reuters article reproduced on Investing.com, authored by Ambar Warrick, and published on 7 July 2026 at 05:22 am.