Samsung forecasts record third-quarter profit of $80 billion on the back of AI boom

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.

Samsung, the world’s largest memory chipmaker, has benefited from surging demand for memory used in AI infrastructure. In the second quarter, the company posted record revenue of 171.5 trillion won and record operating profit of 89.5 trillion won, driven by its memory business.

The company has also stepped up investments and partnerships tied to AI. In September, Samsung announced a strategic partnership with French artificial intelligence startup Mistral AI, with plans to deploy the startup’s AI models across its semiconductor operations.

Samsung is expected to release its full third-quarter earnings, including a breakdown by business division, later this month.