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- Samsung extends record profit streak as AI demand remains robust.
- Shares of Samsung were trading up 1.6% early Thursday.
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)Jade Gao | Afp | Getty Images
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.
Here are Samsung’s first-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:
- Revenue: 171.5 trillion won vs. 172.65 trillion won expected
- Operating profit: 89.5 trillion won vs. 88.13 trillion won expected
Shares of Samsung were trading up 1.6% early Thursday.
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%.
Both operating profit and revenue were in line with Samsung’s forecast released earlier this month.
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.
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 Nvidia’s Vera Rubin Platform.
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.
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.
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.
Its domestic rival SK Hynix reported another record second-quarter profit on Wednesday, though it missed analysts’ estimates.
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