Samsung Made More Profit Last Quarter Than the Last Two Years Combined

Samsung Electronics said that its latest quarterly operating profit was nearly 20 times higher than last year’s, spurred by a seemingly insatiable demand for memory chips used in data centers for artificial intelligence.

The preliminary results for April through June, announced by the South Korean tech giant on Tuesday, underscore how the staggering investments that companies are making to build computing infrastructure for A.I. continue to propel earnings for memory chip makers to record levels.

Samsung said it generated an operating profit of 89.4 trillion South Korean won, or roughly $58 billion, in the second quarter. That was well above the 4.7 trillion won it earned in the same quarter last year, and more than it earned in 2024 and 2025 combined. The company’s revenue also more than doubled in the quarter, to about $112 billion.

Despite the robust results, Samsung’s shares fell 7 percent in Seoul after the announcement, a sign of how lofty investors’ expectations have become. Still, Samsung’s stock has more than doubled this year, driven by A.I. mania.

Article source: https://www.nytimes.com/2026/07/06/business/samsung-earnings-chips.html