Samsung Electronics extended its record run with second-quarter operating profit topping analysts' estimates, as robust artificial intelligence demand continues to drive growth in its memory chip business:
- Operating profit reached 89.5 trillion won ($118.7 billion), exceeding the expected 88.13 trillion won:
- Profit surged 1,814% year-on-year, while revenue rose 130%:
The company cited AI server demand as the key driver for its record-breaking memory earnings, which helped achieve all-time high DRAM and NAND sales:
Samsung also noted that memory capital expenditures increased as it expanded investment in new fabs:
Demand Boom
Samsung expects industry supply constraints to persist next year and will manage its HBM and DRAM businesses in a balanced manner:
The company anticipates robust demand for memory centered on servers in the second half of the year:
