GoKawiilSamsung forecasts record $80.2 billion quarterly profit amid memory price surge
Samsung projects an operating profit of $80.2 billion for the third quarter, a 782.5% increase year-over-year, driven by soaring memory chip prices due to AI infrastructure demand. Revenue is expected to reach $145.6 billion, marking significant growth from the previous year and quarter. Despite surpassing some analyst estimates, the company fell slightly short of Bloomberg's consensus forecast.