Overview

• Preliminary guidance for July–September points to operating profit of 12.1 trillion won and record revenue of 86 trillion won, topping analysts’ forecasts.
• The rebound was driven by tighter supply and sharp DRAM price increases tied to data center demand, with some DRAM up 171.8% year-on-year, according to TrendForce.
• Analysts estimate the semiconductor unit earned roughly 6 trillion won as conventional memory strength and reduced foundry losses offset HBM shortfalls.
• Samsung announced supply and foundry deals including OpenAI’s Stargate and a Tesla agreement and secured an HBM order from AMD, while HBM3E for Nvidia is still awaiting final qualification.
• Shares have climbed strongly this year, with investors awaiting detailed results on Oct. 30 and watching execution on HBM supply alongside risks from possible U.S. tariffs and tighter Chinese export controls.