Samsung Electronics Q1 net surges over fivefold on AI-driven demand
Samsung Electronics Q1 net surges over fivefold on AI-driven demand
Publish Date: 2026-04-30 05:32:00
Source Domain: www.upi.com
- Samsung Electronics reported a fivefold increase in first-quarter net profit, reaching 47.22 trillion won (US$31.8 billion) compared to 8.22 trillion won a year earlier.
- The surge in profit was primarily due to strong demand for high-end memory chips, especially in AI applications.
- Operating profit increased more than eightfold to 57.23 trillion won, with sales climbing 69.2 percent to 133.87 trillion won.
- The company attributed the profitable quarter to the sales of high-margin AI chips and rising memory prices in the device solutions division.
- A weaker won against the U.S. dollar added an additional 1.8 trillion won to the operating profit.
- Samsung Electronics expects continued strong performance in the second quarter, supported by ongoing AI infrastructure investments from tech giants like Meta Platforms Inc. and Amazon.com Inc.
- The company started production of the sixth-generation high bandwidth memory (HBM4) in February and plans to expand its supply in the second half of the year.
- There is potential for a disruption as the company faces a possible general strike by its unionized workers demanding higher compensation based on the annual operating profit.
