PANews|Oct 29, 2026 01:44
Samsung's Q3 Net Profit Reaches $56.1 Billion, Up 526% Year-on-Year. According to financial reports, Samsung Electronics (KRX: 005930) released its financial results for the third quarter of 2026, ending September 30. The report shows that Samsung's revenue for the third quarter was 195.25 trillion won (approximately $145.6 billion), a 126.88% increase compared to 86.06 trillion won in the same period last year; net profit attributable to Samsung's parent company shareholders was 75.21 trillion won (approximately $56.1 billion), a 526.39% increase compared to 12 trillion won in the same period last year. This marks the fourth consecutive quarter that Samsung has benefited from the supercycle in memory chips driven by AI. Over the past year, driven by the demand for large-scale model training and inference, HBM (High Bandwidth Memory) and DRAM prices have continued to rise. Inventory clearing combined with the price increase effect has led to a significant rebound in Samsung's chip business gross margin.
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