Samsung multiplies net profit sixfold thanks to AI

Samsung Electronics reported a net profit of 75.1 trillion won in Q3 2026, driven by strong global semiconductor demand amid an AI boom. This marks a 514.6% increase from the previous year. The company's operating profit reached a record 107.4 trillion won, up 783% year-on-year. Revenue for the quarter was 195.2 trillion won. The memory division achieved record results, focusing on AI-related products despite capacity constraints. However, Samsung's shares fell over 5% due to concerns about sector overvaluation and unmet operational profit forecasts. CFO Park Soon-cheol anticipates unprecedented memory demand growth in 2027 but warns of production challenges. Samsung plans a historic share buyback program worth 74 trillion won.