The logo of Samsung is seen at the Samsung Electronics Seocho building in Seoul on July 7, 2026. South Korean technology giant Samsung Electronics forecast on July 7 a roughly 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips. (Photo by Jade GAO \/ AFP via Getty Images)<\/p>\n
Jade Gao | Afp | Getty Images<\/p>\n
Samsung Electronics extended its record run with second-quarter operating profit topping analysts’ estimates, as robust artificial intelligence demand continued to drive growth in its memory chip business.<\/p>\n
Here are Samsung’s first-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:<\/p>\n
Revenue: 171.5 trillion won vs. 172.65 trillion won expected\u00a0Operating profit: 89.5 trillion won vs. 88.13 trillion won expected<\/p>\n
Shares of Samsung were trading up 1.6% early Thursday. <\/p>\n
The South Korean tech giant posted a record second-quarter operating profit, up 1,814% year on year, while revenue rose 130%. Profit jumped over 56% from the previous quarter, while revenue climbed more than 28%.<\/p>\n
Both operating profit and revenue were in line<\/a> with Samsung’s forecast released earlier this month.<\/p>\n The company cited AI server demand as the key driver for its record-breaking memory earnings, which helped its achieve all-time high DRAM and NAND sales.\u00a0<\/p>\n The company said it scaled up HBM4 sales and shipped industry’s first HBM4E samples to major customers. HBM4 is Samsung’s sixth-generation high-bandwidth memory designed to power advanced artificial intelligence processors, including<\/a> Nvidia’s Vera Rubin Platform. <\/p>\n For the second half of the year, the company expects robust demand for memory centered on servers and continuing AI infrastructure capex amid a broader adoption of agentic AI. It also expects to see a growth in demand for server DRAM, eSSDs, and HMB, accelerating. <\/p>\n DRAM chips are used in a wide range of electronic devices, from smartphones to servers, while enterprise SSDs are high-performance storage devices designed to deliver data quickly and are essential to AI infrastructure.\u00a0<\/p>\n Samsung last week unveiled its latest product lineup featuring new foldable smartphones, alongside an announcement of an expanded strategic collaboration with Broadcom across memory and foundry technologies.<\/p>\n Its domestic rival SK Hynix reported another record second-quarter profit on Wednesday, though it missed analysts’ estimates.<\/p>\n