Samsung Electronics Reports Record Q2 Operating Profit and Net Income
Samsung Electronics announced a record-breaking second-quarter operating profit of 89.5 trillion won ($61.9 billion) and a net income of 71.62 trillion won ($49.6 billion), significantly beating analyst estimates due to high demand for AI chips.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (32/100)Sources
Samsung Electronics second-quarter operating profit beats estimates on soaring AI chip demand
Samsung Electronics extended its record run with second-quarter operating profit topping analysts' estimates.
Read full article →Samsung Q2 operating profit hits record W89.5tr
Samsung Electronics posted a record 89.5 trillion won ($61.9 billion) in operating profit for the second quarter, as the AI-driven memory boom lifted both profit and revenue to all-time highs. The tech giant said Thursday its April-June revenue reached 171.5 trillion won, up 28 percent from the previous quarter, while operating profit surged 56 percent. Its Device Solutions division, which oversees the semiconductor business, extended its record-breaking run from the first quarter as strong dema
By The Korea Herald
Read full article →
