BETA Technologies launches IPO of 25 million shares priced $27-$33
Investing.com -- Samsung is expected to report its largest quarterly profit in more than a year, driven by increasing chip demand amid global acceleration in artificial intelligence development.
The Korean tech giant is projected to achieve an operating profit of 9.52 trillion won for the third quarter, according to Bloomberg Consensus estimates. Net profit is estimated at 8.59 trillion won, with sales reaching approximately 83.46 trillion won. The company’s gross margin is expected to be around 37.1%.
Samsung will release more detailed financial results later this month.
The company’s improved performance is largely attributed to recovering memory chip demand. Bloomberg Intelligence suggests Samsung’s third-quarter sales might exceed both sequential and year-earlier figures, with operating profit potentially beating consensus estimates.
The DRAM segment’s profit likely increased sequentially due to growth in both conventional DRAM and high bandwidth memory (HBM) chips. NAND chip profits are also expected to have risen, boosted by AI-related demand. Unlike the previous quarter, the chip division’s third-quarter profit should not be affected by one-time costs incurred in the second quarter.
Samsung’s display segment profit is anticipated to have grown sequentially due to premium smartphone customers, while the mobile division may have seen profit increases from new and popular foldable phones.
For the full year, capital expenditure is estimated at 53.03 trillion won.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.