Samsung operating profit up 1,800pct in second quarter on AI boom
Samsung reported second-quarter operating profit of 89.49 trillion won, up 1,813.8 per cent from a year earlier. — AFP pic First Published: Thursday, 30 Jul…
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Summary
Samsung reported second-quarter operating profit of 89.49 trillion won, up 1,813.8 per cent from a year earlier. — AFP pic First Published: Thursday, 30 Jul 2026 10:15 AM MYT SEOUL, July 30 — South Korean technology giant Samsung Electronics posted today a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips. SK hynix’s second quarter operating profit and revenue posted Wednesday came in below expectations, even as net profit soared a forecast-beating 1,242 per cent. The boom results were posted despite South Korean stocks suffering a sharp sell-off on Wednesday as nervous traders unwound AI-driven bets, fretting whether lofty profit forecasts are realistic.
Furthermore, The American tech giant had initially been expected to release the device by the end of this year, but reportedly delayed the launch as it worked to address privacy concerns surrounding AI-enabled wearable devices. ANOTHER option under discussion is a camera-equipped version that uses the sensor primarily for AI functions such as identifying objects and locations, while limiting traditional photo and video capabilities.
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Samsung reported second-quarter operating profit of 89.49 trillion won, up 1,813.8 per cent from a year earlier. — AFP pic First Published: Thursday, 30 Jul 2026 10:15 AM MYT SEOUL, July 30 — South Korean technology giant Samsung Electronics posted today a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.
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SK hynix’s second quarter operating profit and revenue posted Wednesday came in below expectations, even as net profit soared a forecast-beating 1,242 per cent.
according to Malay MailThe boom results were posted despite South Korean stocks suffering a sharp sell-off on Wednesday as nervous traders unwound AI-driven bets, fretting whether lofty profit forecasts are realistic.
according to Malay MailThe American tech giant had initially been expected to release the device by the end of this year, but reportedly delayed the launch as it worked to address privacy concerns surrounding AI-enabled wearable devices.
according to The Korea HeraldANOTHER option under discussion is a camera-equipped version that uses the sensor primarily for AI functions such as identifying objects and locations, while limiting traditional photo and video capabilities.
according to The Korea Herald
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