Samsung Electronics has projected a record operating profit of 89.4 trillion won (about US$58.8 billion) for the April–June quarter, driven by strong global demand for artificial intelligence (AI)-related semiconductors. The estimated profit represents an increase of 1,181 percent compared with the same period last year and exceeds market expectations, according to the company’s preliminary earnings guidance.
The South Korean technology giant also forecast second-quarter revenue of 171 trillion won, up 129.3 percent year-on-year. The company said the earnings estimate includes provisions for employee bonuses under a recently agreed wage settlement. Excluding these provisions, operating profit is estimated to have reached around 100 trillion won.
Under the wage agreement, Samsung will provide special performance bonuses to semiconductor employees in the form of company shares linked to long-term business performance. If the estimates are confirmed, Samsung will record its highest-ever quarterly revenue and operating profit for the third consecutive quarter, highlighting the continued growth of its semiconductor business amid the global AI boom.
