Samsung net profit surges nearly sixfold to record $31.72 billion on AI chip demand
Updated
Updated · The Wall Street Journal · Apr 30
Samsung net profit surges nearly sixfold to record $31.72 billion on AI chip demand
11 articles · Updated · The Wall Street Journal · Apr 30
First-quarter net profit reached 47.225 trillion won, beating estimates, as revenue jumped 69% to a record 133.873 trillion won and operating profit soared to 57.233 trillion won.
Samsung’s semiconductor division contributed over 90% of earnings, driven by high DRAM and NAND prices amid global AI infrastructure expansion, while smartphone and appliance segments lagged due to pricier components.
Analysts expect Samsung’s profits to keep rising through 2026, fueled by AI memory demand and new HBM4 chips, with the company’s stock up 90% year-to-date and further product launches planned.
Can Samsung's spending spree dethrone SK Hynix as the king of AI memory chips?
While its memory chips soar, is Samsung's foundry business secretly falling behind its rivals?
With AI consuming 70% of memory, is the tech industry heading for a catastrophic bust?
Is the AI boom making new smartphones and PCs unaffordable for the average person?
Will US tariffs and export controls end up crippling the global chip supply chain?
Could a critical shortage of power and copper derail the entire global AI revolution?