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 Q1 net income up 474.3% to W47.22tr

Samsung Electronics on Thursday reported its first-quarter net income of 47.22 trillion won ($31.8 billion), up 474.3 percent from a year earlier. Operating income for the January-March period was 57.23 trillion won, up 756.1 percent from a year ago, the company said in a regulatory filing. Sales rose 69.2 percent to 133.87 trillion won. The earnings beat market expectations. The average estimate of net profit by analysts stood at 39.12 trillion won, according to a survey by Yonhap Infomax, the

By The Korea Herald

Samsung Electronics sees robust AI demand after Q1 profit surges eightfold to set record