Net income surged 471 percent to 9.84 trillion won ($7.13 billion) during the April-June period, a 470 percent increase from a year earlier.
Operating profit jumped 1,462 percent to 10.44 trillion won during the same period, while revenue grew 23.44 percent to 74.68 trillion won. This is the first time in seven quarters that Samsung's quarterly operating profit has surpassed 10 trillion won. The operating profit for the quarter alone exceeds the total for 2023, which was 6.57 trillion won.
The surge was primarily driven by the semiconductor division, which reported 28.56 trillion won in revenue and 6.45 trillion won in operating profit. The chip division’s sales surpassed those of TSMC for the first time in two years.
The world’s top memory chipmaker expects continued strong demand for chips for AI servers. The company said it will expand its production capacity for high-bandwidth memory (HBM) products in the second half and increase the proportion of sales of the fifth-generation HBM3E, while strengthening its market competitiveness with advanced DRAM and NAND products.
Its fourth-generation HBM3 chips have reportedly passed Nvidia’s quality tests while its latest HBM3E is awaiting approval.
In the mobile sector, Samsung posted 42.7 trillion won in sales and 2.7 trillion won in operating profit. It anticipates growth in premium mobile products driven by AI demand and new form factors. The company will focus on expanding its Galaxy ecosystem with AI-enhanced experiences.