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Samsung profit surges on AI boom

Shafaqna English- Samsung Electronics is on track to post an operating profit for the April-June quarter that rose about 18-fold from a year earlier, setting a fresh record, as continued AI growth puts pressure on memory supply and lifts chip prices.

The world’s top memory chipmaker by sales is set to report an operating profit of 86 trillion won ($56.35 billion) for Q2 on Tuesday(7 Jul 2026), based on an LSEG SmartEstimate derived from 30 analyst projections, with greater emphasis on those with the best forecasting track records.

Source: Reuters

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