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Samsung Forecasts 12.1 Trillion-Won Q3 Profit, Its Highest Since 2022

AI server buildouts pushed memory prices higher to revive profitability in Samsung’s chip business.

Overview

  • Preliminary guidance pegs revenue at a record 86 trillion won and operating profit at 12.1 trillion won, topping the 10.1 trillion won analyst consensus.
  • Analysts estimate roughly 6 trillion won in operating profit from semiconductors as memory margins recovered and foundry losses narrowed, with new foldables adding support.
  • TrendForce reports some DRAM prices jumped 171.8% year over year in Q3 as tight supply and inventory rebuilds lifted conventional memory pricing.
  • Samsung advanced its AI positioning with Nvidia validation of 12‑layer HBM3E, an initial OpenAI Stargate supply agreement, AMD orders, and a $16.5 billion Tesla foundry deal.
  • Markets are assessing durability given potential U.S. tariffs, China export controls, and the risk of memory oversupply in 2026, with full divisional results due Oct. 30.