Samsung profit surges over eight-fold to beat estimates as AI boom fuels memory chip crunch

Samsung Electronics reported an over eight-fold increase in first-quarter operating profits, hitting a new record and beating analysts' estimates.

Samsung Electronics posts record Q1 profit on chip rebound

Samsung Electronics said Thursday its first-quarter operating profit jumped 756.1 percent on-year to 57.23 trillion won ($38.5 billion), hitting a quarterly high as its chip business accounted for the bulk of earnings. Revenue rose 69.2 percent on-year to 133.87 trillion won in the January-March period, while net profit climbed 474.3 percent to 47.23 trillion won, the company said in a regulatory filing. The results came in well above market expectations. According to financial data provider FnG

By The Korea Herald

Samsung Elec Q1 profit surges eightfold to a record