Samsung Q3 Profit Soars 21% as AI Chip Demand Powers Semiconductor Rebound
Samsung Electronics posted a 21% rise in third-quarter net profit, marking its strongest performance since 2022, as surging demand for AI chips fueled a sharp recovery in its semiconductor division.
After lagging behind smaller rivals in delivering HBM3E chips to Nvidia, Samsung is now working to close the gap by advancing development of next-generation HBM4 memory products.
Samsung Ramps Up HBM4 Production for AI Growth
During its latest earnings call, Samsung executives said the company is now supplying HBM3E chips to all major clients and has begun offering HBM4 samples for testing.
“The company is ready to begin mass production of HBM4 products for clients,” said Jaejune Kim, Executive Vice President of Samsung’s memory business.
This move underscores Samsung’s effort to strengthen its position in the AI semiconductor race, as tech companies accelerate investment in high-performance memory chips to power artificial intelligence infrastructure.
Record Earnings and Revenue Growth
Samsung’s net profit climbed to 12.226 trillion won ($8.57 billion) for the quarter ending in September, more than doubling from the previous quarter and exceeding analyst expectations of 9.796 trillion won.
Revenue rose 8.8% year-over-year to a record 86.062 trillion won, while operating profit jumped 32% to 12.166 trillion won, marking a three-year high. Both metrics matched the company’s earlier projections.
The semiconductor division led the results with 7.0 trillion won in earnings, up sharply from just 400 billion won in the previous quarter — the unit’s best showing since the second quarter of 2022.
