Samsung anticipates a significant surge in operating profits, estimating a rise of 32% compared to the previous year. This increase, reaching approximately £6.9 billion, marks the highest quarterly earnings since the second quarter of 2022. The surge is attributed to robust demand for conventional memory chips, which has compensated for softer sales in high-bandwidth memory products.
Sales have also seen an uptick, with an 8.7% increase, reaching a record £61.7 billion. This surpasses the previous record set in the third quarter of the prior year. The semiconductor division is estimated to have generated approximately £4.8 billion in operating profit, driven by rebounding memory chip prices and increased sales of high bandwidth memory. Furthermore, reduced losses in the foundry business have contributed to this upswing. Demand for the latest foldable smartphones also bolstered these results.
Analysts predict continued growth, fuelled by sustained demand for semiconductors and advancements in high-bandwidth memory technology. Recent deals with OpenAI and Tesla underscore Samsung's strengthening position in the AI memory chip market.
