Samsung Q3 profit surges to record high, but misses lofty expectations Ambar Warrick Wed, October 7, 2026 at 7:51 PM EDT 2 min read 005930.KS -0.19% SKHY -2.36% MU +4.06% NVDA -0.74% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Investing.com-- Samsung Electronics Co Ltd (KS:005930) forecast its strongest ever third-quarter profit on Thursday amid robust AI-fueled demand for memory chips, although the print still came in a shade below the higher end of market expectations.
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The world's largest memory chip maker announced a preliminary operating profit of about 107.40 trillion won ($80.1 billion) for the three months to September 30.
The figure was up nearly tenfold from the 12.2 trillion won profit seen a year ago, but slightly missed Bloomberg forecasts of 108.67 trillion won. Operating profit, however, came in just above LSEG estimates of 106.1 trillion won.
Third quarter sales more than doubled to 195 trillion won from 86.06 trillion won a year ago, Samsung said in a press release. The company clocked its fourth straight quarter of record profits.
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Samsung shares moved in a flat-to-low range in morning trade on Thursday. Rival SK Hynix added 0.8%, while the KOSPI index fell 0.7%.
The strong year-on-year surge in earnings came amid outsized artificial intelligence demand for advanced memory. The company, along with rivals SK Hynix Inc (KS:000660) and Micron, is a key supplier of high bandwidth memory to AI chipmaker NVIDIA Corporation (NASDAQ:NVDA).
Advances in AI spurred increasing demand for computational power, which in turn fueled more demand for advanced memory chips, sharply tightening supplies and ramping up prices– a trend that greatly benefited Samsung and its peers.
Samsung will release detailed results on October 29. Chips are expected to be the biggest driver of earnings, while its smartphone and consumer electronics divisions are expected to have faced mounting pressure from rising component costs.
A stronger South Korean won may also have weighed on the company's earnings by diminishing the value of overseas sales.
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