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Samsung Electronics Co. said Thursday its second-quarter net profit jumped nearly 1,300 percent from a year earlier, as strong demand for artificial intelligence (AI)-related semiconductors boosted earnings. The South Korean tech giant reported a net profit of 71.62 trillion won (US$49.6 billion) for the April-June period, up 1,299.9 percent on-year from 5.11 trillion won a year earlier, according to a press release.Coverage Comparison
All reports from Yonhap News — English, the sole outlet covering this story in the provided material, presented consistent figures. The reports highlighted the significant surge in net profit, driven by AI-related semiconductor demand, while noting weaker earnings in the mobile business. The framing remained neutral and factual, with direct attribution to the company's press release.Key Claims
Operating income for the quarter rose 1,813.8 percent on-year to 89.49 trillion won, while sales increased 130 percent on-year to 171.49 trillion won. The world's top memory chipmaker posted record quarterly revenue and operating profit for the third consecutive quarter.The results met market expectations. 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.
Earnings per share stood at 10,849 won for both common and preferred shares, up 52 percent from the previous quarter, reaching one of the highest levels among global technology companies.
Samsung Electronics attributed the stellar performance to its response to growing market demand by leveraging its technological leadership, particularly in AI-related products. The lucrative semiconductor business posted record sales of 127.5 trillion won and operating profit of 89.2 trillion won for the cited quarter.
The strong performance was driven by continued growth in global investment in AI infrastructure, which has tightened semiconductor supplies and kept memory chip prices elevated.
The company has expanded sales of higher-value products after becoming the first in the industry to begin mass production and shipments of sixth-generation high-bandwidth memory, or HBM4, chips.
The division overseeing mobile devices, TV and home appliances reported 48 trillion won in sales and an operating loss of 800 billion won. The mobile business saw sales increase from a year earlier on solid sales of flagship products.
Capital expenditures totaled 16.8 trillion won in the second quarter.
Samsung Electronics said it expects semiconductor demand to remain strong in the second half of the year, supporting continued growth in overall earnings. "In the second half of this year, the memory business expects robust demand centered on servers stemming from continued AI infrastructure capex and broader adoption of agentic AI," the company outlined in a release.
Industry observers expect favorable market conditions for the global chip market to continue at least through next year.