Samsung Electronics Forecasts Record $80 Billion Profit

Samsung Electronics has projected a quarterly operating profit of 107.4 trillion won ($80.17 billion) for the July-September period of 2026, which would be the highest quarterly operating profit ever recorded by a technology company. This projection, made on October 8, represents a nearly nine-fold increase in operating profit from the same period the previous year.

The surge is primarily attributed to robust memory chip sales, as the demand for artificial intelligence infrastructure continues to outstrip supply, driving prices higher. The forecast slightly exceeds the average estimate of 106.1 trillion won from LSEG SmartEstimate and indicates Samsung's fourth consecutive quarter of record operating profit.

The company anticipates a 127% year-on-year revenue increase to 195 trillion won. Samsung's shares experienced a minor decline of 0.2% in early trading.

Detailed third-quarter results are set to be released on October 29, including a breakdown of earnings by business division and updates on the shareholder return policy. Additionally, Samsung secured a $16.5 billion agreement to produce AI semiconductors for Tesla, enhancing its foundry business.