Samsung guides to a record 107 trillion won quarterly profit on AI memory

Samsung Electronics said Thursday that it expects third-quarter operating profit of about 107.4 trillion won, roughly $80 billion, on sales of about 195 trillion won. That is up about 782 percent from 12.17 trillion won a year earlier and well above the previous record of 89.5 trillion won, set last quarter.

The Korea Times called it the first quarterly operating profit above 100 trillion won for a Korean company. Profit beat consensus forecasts while revenue fell short, and Samsung shares slipped in Seoul. Final results are due Oct. 29.

On the same day, TSMC reported September revenue of NT$511.86 billion, up 54.6 percent from a year earlier.