Samsung Electronics Forecasts Record‑High Q2 Profit on AI‑Driven Memory Demand
Samsung Electronics (KS:005930) announced that its operating profit for the quarter ending 30 June is expected to reach 89.4 trillion won (approximately $58.43 billion), representing a more than 19‑fold increase from the 4.68 trillion won recorded a year earlier. This forecast exceeds Bloomberg’s consensus estimate of 84.2 trillion won and marks Samsung’s largest profit ever as well as the third consecutive quarter of record earnings.
The company also projects revenue to more than double, rising to 171 trillion won from 74.57 trillion won in the comparable period last year. The dramatic growth is attributed primarily to outsized demand from the artificial‑intelligence (AI) sector, which has spurred heightened orders for high‑bandwidth memory and conventional DRAM. Tightened supply and rising memory prices across the board have amplified Samsung’s earnings, with its core memory business identified as the main profit driver for the quarter.
Samsung highlighted its role as a major supplier to NVIDIA Corporation, noting that it also leverages NVIDIA’s AI GPUs to build its own data‑center infrastructure. Conversely, the foundry division is expected to post potential losses due to increased bonus expenses following a significant payout to workers in the chips division in May. The smartphone and broader electronics businesses are projected to encounter headwinds from higher memory costs, which are expected to dampen consumer demand.
Full second‑quarter earnings, including detailed segment performance, will be released on 30 July.