Driven by the growth in the 人工智能 (AI) sector, which continues to tighten memory supply and push up chip prices, Samsung Electronics is expected to see its second-quarter operating profit surge approximately 18-fold compared to the same period last year, setting another record high.
According to an LSEG SmartEstimate based on forecasts from 30 analysts, which places greater weight on those with the best track records, the world's largest memory chip maker by sales is projected to announce an operating profit of 86 trillion won (approximately $56.35 billion) for the April to June quarter on Tuesday.
This figure represents a significant increase from the 4.7 trillion won reported a year ago and would mark the third consecutive quarter in which Samsung has set a new operating profit record.
This performance reflects the ongoing state of memory shortages, where demand is continuing to outpace supply growth from global memory manufacturers as the need for AI inference infrastructure skyrockets.
Analysts anticipate that the memory market will remain in a state of undersupply at least until next year.
Comments