The world's largest memory chipmaker posted record quarterly revenue of 171.49 trillion won, driven by AI-related chip demand
Samsung Q2 net profit surges 1,300% to $49.6 billion on AI demand
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Summary
Samsung Electronics Co., the world's largest memory chipmaker, on Thursday reported its second-quarter net profit of 71.62 trillion won ($49.6 billion), up 1,299.9 percent from a year earlier. Sales increased 130 percent to 171.49 trillion won. The average analyst estimate for net profit was 71.21 trillion won, according to a survey by Yonhap Infomax, the financial data unit of Yonhap News Agency.
Furthermore, Net profit for the April-June period came to 71.62 trillion won (US$49.6 billion), up 1,299.9 percent on-year from 5.11 trillion won a year earlier, the South Korean tech giant said in a press release. In the release, Samsung said it achieved its highest-ever quarterly revenue and operating profit through market response based on technology leadership centered on AI.
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Samsung Electronics Co., the world's largest memory chipmaker, on Thursday reported its second-quarter net profit of 71.62 trillion won ($49.6 billion), up 1,299.9 percent from a year earlier.
reliability low1/2 sourcesSales increased 130 percent to 171.49 trillion won.
reliability low1/2 sourcesThe average analyst estimate for net profit was 71.21 trillion won, according to a survey by Yonhap Infomax, the financial data unit of Yonhap News Agency.
reliability low1/2 sources
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Net profit for the April-June period came to 71.62 trillion won (US$49.6 billion), up 1,299.9 percent on-year from 5.11 trillion won a year earlier, the South Korean tech giant said in a press release.
according to Yonhap NewsIn the release, Samsung said it achieved its highest-ever quarterly revenue and operating profit through market response based on technology leadership centered on AI.
according to Yonhap News
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