Samsung Q2 Profit Jumps 19-Fold as AI Chip Demand Offsets Mobile Loss
By Reuters | 29 Jul, 2026

Samsung Electronics said its Q2 operating profit jumped 19-fold to a record on solid demand for AI chips despite weaker earnings at its mobile business.

Samsung Electronics said on Thursday its operating profit jumped 19-fold to a record in the second quarter, as solid demand for AI chips offset weaker earnings at its mobile business.

"In H2 2026, the Memory Business expects robust demand centered on servers stemming from continued AI infrastructure capex and broader adoption of agentic AI," Samsung said in a statement.

"This is projected to keep the market undersupplied, despite partial demand moderation in mobile and PCs."

The world's top memory chipmaker reported operating profit of 89.5 trillion won ($61.98 billion) for the April-to-June period, in line with its estimate of 89.4 trillion won and up from 4.68 trillion won a year earlier.

The South Korean company's revenue rose 130% to 171.5 trillion won in the quarter from a year earlier.

($1 = 1,444.0800 won)

(Reporting by Hyunjoo Jin and Joyce Lee; Editing by Sonali Paul)