Samsung Electronics, the South Korean tech giant, reported third-quarter operating profit on Thursday that broadly matched analysts’ expectations, as demand continued to grow for advanced memory chips used in AI applications.
The company also announced cash dividends of 30 trillion won, equivalent to 4,601 won per common and preferred share.
Samsung announced plans to increase sales of advanced memory chips for AI applications and to secure long-term contracts to meet growing demand.
Samsung’s Q3 Highlights
- Revenue: 195.25 trillion won ($124 billion) vs. 195.79 trillion won expected
- Operating profit: 107.44 trillion won vs. 107.66 trillion won expected
According to a company statement, the Foundry Business plans to achieve double-digit revenue growth and continued earnings improvement in Q4 2026, driven by new mobile products, the mass-production ramp-up of 4nm NPUs, and expanded memory product sales.
In 2027, the Samsung’s Foundry Business will target revenue growth led by 4nm and 2nm advanced nodes, supported by strong AI and HPC demand. It also expects to strengthen its global supply capabilities when its new fab in Taylor, Texas, begins operations.
Following the announcement, Samsung shares fell 5% lower.
By CEO NA Editorial Staff
