Samsung’s Q2 Profit Soars 19x as AI Memory Chip Demand Hits New High
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Samsung Electronics forecast Q2 operating profit of 89.4 trillion won ($58.4 billion) for April–June, a nearly 19-fold year‑over‑year jump, and revenue of 171 trillion won, up 129% year‑over‑year, beating consensus. Despite the record results, shares fell as investors questioned the sustainability of the AI boom. Surging AI memory‑chip demand could strengthen crypto and data‑center infrastructure adoption and support funding and token projects that rely on AI compute.
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- Samsung expects a 19-fold jump in Q2 operating profit to 89.4 trillion won.
- Revenue is projected to reach 171 trillion won, beating most market estimates.
- Despite record earnings, Samsung shares fell as investors questioned the AI boom.
Samsung Electronics expects one of the strongest quarters in its history after demand for AI memory chips sent both sales and profits significantly higher.
The South Korean chipmaker forecast second-quarter operating profit of 89.4 trillion won ($58.4 billion) for the April-June period, up nearly 19 times from the same quarter last year. The figure also exceeded market expectations, with analysts forecasting between 84.2 trillion won and 87.3 trillion won.
Revenue is expected to reach 171 trillion won, a 129% increase from a year ago and above the consensus estimate of 169.2 trillion won, although slightly below some forecasts of…
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