Samsung Electronics multiplies net profit by six in the third quarter thanks to AI

Samsung Electronics reported a significant increase in net profit for Q3 2026, driven by high demand for semiconductors amid an AI boom. The company's net profit reached 75.1 trillion won, a 514% rise from the previous year. Operating profit also hit a record 107.4 trillion won, marking a 783% increase. Despite these results, Samsung's stock fell over 5% due to concerns about sector overvaluation and unmet operational profit forecasts. The CFO anticipates unprecedented memory demand growth in 2027 but warns of production challenges. Samsung plans a historic share buyback program worth 74 trillion won.