Headquarters of Samsung in Mountain View, California, on October 28, 2018.
Smith Assortment/gado | Archive Pictures | Getty Photos
Samsung Electronics reported a rebound in earnings on Thursday, with working revenue greater than doubling from the earlier quarter on energy from its chip enterprise.
Listed here are Samsung’s third-quarter outcomes in contrast with LSEG SmartEstimate, which is weighted towards forecasts from analysts who’re extra persistently correct:
- Income: 86.1 trillion Korean gained ($60.5 billion) vs. 85.93 trillion gained
- Working revenue: 12.2 trillion gained vs. 11.25 trillion gained
The South Korean expertise big’s quarterly income was up 8.85% from a yr earlier, whereas its first-quarter working revenue climbed 32.9% year-over-year.
Samsung shares popped practically 4% in early buying and selling in Asia.
The earnings characterize a bounce again from the June quarter, which had been weighed down by a large hunch in Samsung’s chip enterprise. Working revenue elevated by 160% in comparison with June, whereas income elevated by 15.5% over the identical interval.
Samsung Electronics, South Korea’s largest firm by market capitalization, is a number one supplier of reminiscence chips, semiconductor foundry providers and smartphones.
Samsung’s chip enterprise reported a 19% enhance in gross sales from the June quarter, with its reminiscence enterprise setting an all-time excessive for quarterly gross sales, pushed by sturdy demand from synthetic intelligence.
The third-quarter working revenue additionally beat Samsung’s personal steering of round 12.1 trillion Korean gained.
“Within the first half of 2026, we count on the semiconductor market to stay sturdy, pushed by ongoing AI funding momentum,”
Chip Enterprise
Samsung Electronics’ chip enterprise posted an working revenue of seven.0 trillion Korean gained within the third quarter, up 81% from the identical interval final yr, and an over tenfold enhance from final quarter.
Chip income elevated to 33.1 trillion gained, up 13% from final yr.
Often known as its Machine Options division, Samsung’s chip enterprise encompasses reminiscence chips, semiconductor design and its foundry models.
The unit benefited from a good value setting, whereas quarterly revenues reached a report excessive on expanded gross sales of its high-bandwidth reminiscence (HBM) chips — a kind of reminiscence utilized in synthetic intelligence computing.
Samsung has discovered itself lagging behind reminiscence rival SK Hynix within the HBM market, after it was gradual to safe main contracts with main AI chip Nvidia. Nonetheless, in a constructive signal for the corporate, it reportedly handed Nvidia’s qualification checks for a sophisticated HBM chip final month.
A report from Counterpoint Analysis earlier this month discovered that Samsung had reclaimed the highest spot within the reminiscence market forward of SK Hynix within the third quarter after falling behind its competitor for the primary time the quarter prior.
MS Hwang, analysis director at Counterpoint Analysis, advised CNBC that Samsung’s third-quarter efficiency was a transparent results of a broader “reminiscence market increase,” in addition to rising costs for general-purpose reminiscence.
Heading into 2026, Samsung stated its reminiscence enterprise will deal with the mass manufacturing of its next-generation HBM expertise, HBM4.
Smartphones
Samsung’s cell expertise and community companies, tasked with creating and promoting smartphones, tablets, wearables and different units, reported an increase in each gross sales and revenue.
The unit posted an working revenue of three.6 trillion gained within the third quarter, up about 28% from the identical interval final yr.
The corporate stated earnings have been pushed by sturdy flagship smartphone gross sales, together with the launch of its Galaxy Z Fold7 system.
Samsung forecasted that the speedy development of the AI business would open up new market alternatives for each its units and chip companies within the present quarter.