Samsung Electronics is forecasting a record operating profit of 105. 41T won for the third quarter, driven by strong AI demand that has boosted memory chip prices and strengthened its high-bandwidth memory business. Analysts estimate third-quarter revenue at 200. 26T won, with Samsung set to release preliminary results on October 8. The semiconductor division is expected to lead earnings, with an operating margin of about 75% for the Device Solutions division and over 80% for the memory business. Memory prices have continued to rise, with PC DRAM reaching a record high of $26 in September and NAND flash for memory cards and USB drives also increasing. The Device eXperience division, covering smartphones and home appliances, is expected to remain weak.
The AI-driven demand has been a key factor in the company's financial performance, with memory prices rising due to supply shortages. This trend is expected to continue, further boosting Samsung's operating margins and overall profitability.
This contrast in performance highlights the impact of AI-driven demand on Samsung's financial results, with the memory business benefiting significantly from the trend while other divisions face challenges.