Samsung’s Q3 profit seen jumping nine-fold, but chip margins may be flat
SEOUL: Samsung Electronics is expected to report a nearly nine-fold jump in third-quarter operating profit, driven by robust AI demand, though analysts have cut forecasts by nearly 8% since the end of August.
Despite moderating gains in the prices of memory chips and a strengthening South Korean won, the world’s largest memory-chip maker is expected to post operating profit of 106.1 trillion won ($79.1 billion) for the July-September quarter.
The LSEG SmartEstimate, based on forecasts from 21 analysts, and weighted toward those with stronger track records has been slashed by 7.7% since the end of August.
