Business · CNBC Technology
Samsung profit climbs over eight-fold to overtook estimates as AI boom fuels memory chip crunch
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Samsung Electronics reported an over eight-fold increase in first-quarter operating profits on Thursday, hitting a new record and beating analysts' estimates on the explosive growth of its chip business.
Key facts
- The profits came in line with Samsung's own estimates of 57.2 trillion won and exceeded its full-year 2025 profits of 43.6 trillion won
- According to data from Counterpoint Research, SK Hynix continued to lead HBM with a 57% revenue market share in the final quarter of last year
- Samsung's shares jumped about 0.9% in Korea after the earnings release, bringing its year-to-date gains to around 90%
- Meanwhile, overall chip sales reached 81.7 trillion Korean won, up 225% from last year
Summary
Here are Samsung's first-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:. Operating profit: 57.2 trillion won vs. 55.28 trillion won expected. The South Korean technology giant's quarterly profit climbed more than 750% from a year earlier to a fresh record. The profits came in line with Samsung's own estimates of 57.2 trillion won and exceeded its full-year 2025 profits of 43.6 trillion won.