Key facts
- Samsung Electronics' Q2 operating profit surged 19-fold to 89.4 trillion won.
- Net profit for the April-June period reached 71.62 trillion won, a 1,299.9 percent increase year-on-year.
- Sales increased 130 percent year-on-year to 171.49 trillion won.
- Strong demand for AI-related semiconductors was the primary driver of the earnings growth.
- The company achieved its highest-ever quarterly revenue and operating profit.
- The mobile division reported an operating loss of 800 billion won.
Samsung Electronics Co. reported a dramatic surge in its second-quarter net profit, jumping nearly 1,300 percent year-on-year to 71.62 trillion won, primarily fueled by strong demand for artificial intelligence (AI)-related semiconductors. Operating income for the April-June period rose 1,813.8 percent to 89.49 trillion won, with sales increasing 130 percent to 171.49 trillion won. The company achieved record quarterly revenue and operating profit for the third consecutive quarter, meeting market expectations. Samsung attributed its stellar performance to technological leadership in AI products and its ability to meet growing market demand, particularly for high-bandwidth memory (HBM4) chips. The semiconductor business posted record sales and operating profit. However, the mobile division experienced an operating loss of 800 billion won due to higher component costs.