Samsung Electronics achieved record highs in both revenue and operating profit for the third quarter, driven by a boom in artificial intelligence (AI) semiconductors. The quarterly operating profit surpassed 100 trillion won for the first time, with the semiconductor division alone generating over 106 trillion won in profit.
According to Samsung Electronics on October 29, the consolidated revenue for the third quarter was 195.2532 trillion won, and the operating profit was 107.4405 trillion won. This represents increases of 126.88% and 783.11%, respectively, compared to the same period last year. Compared to the previous quarter, revenue rose by 13.85%, and operating profit increased by 20.06%.
The semiconductor business was the primary driver of these results. The Device Solutions (DS) division reported revenue of 147.1 trillion won and an operating profit of 106.5 trillion won, with an operating profit margin of approximately 72.4%, lower than SK Hynix's 79.7% reported the previous day. However, the DS division also includes foundry and system LSI businesses in addition to memory.
In contrast, the Device Experience (DX) division, which handles smartphones and TVs, recorded revenue of 52.1 trillion won but faced an operating loss of 8 trillion won. Samsung Display achieved an operating profit of 1.1 trillion won, while Harman reported 600 billion won in profit.
Building on its record performance, Samsung Electronics plans to enhance shareholder returns. Earlier this year, the company announced a shareholder return plan worth 90 to 110 trillion won and intends to pursue dividends and share buybacks and cancellations based on annual performance.
* This article has been translated by AI.
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