Overview

• The preliminary operating profit topped analysts’ expectations by a wide margin, marking Samsung’s strongest quarter since early 2022.
• Server and AI demand lifted prices and shipments of DRAM and NAND, with TrendForce reporting steep year-over-year DRAM price gains in Q3.
• Samsung increased sales of advanced HBM, supplying HBM3E to AMD and securing a supply agreement with OpenAI, expanding its AI customer base.
• Operational metrics improved beyond memory as foundry losses narrowed on higher utilization and the mobile unit delivered sizable profit supported by record foldable preorders.
• Analysts cautioned about uncertainties from potential U.S. tariffs, U.S.-China trade tensions and China’s export controls that could pressure future demand and margins.