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Samsung Q2 profit jumps 19-fold as AI chip demand offsets mobile loss

Samsung Q2 profit jumps 19-fold as AI chip demand offsets mobile loss
Channel News Asia Thursday 30 July 2026, 00:03 UTC 1 min read
Key Points

Samsung Q2 profit jumps 19-fold as AI chip demand offsets mobile loss SEOUL, July 30 : 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. The world's top memory chipmaker reported operating profit of 89.4 trillion won ($61.91 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. ($1 =...

Samsung Q2 profit jumps 19-fold as AI chip demand offsets mobile loss SEOUL, July 30 : 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. The world's top memory chipmaker reported operating profit of 89.4 trillion won ($61.91 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. ($1 = 1,444.0800 won)
Samsung (ORG) Q2 (ORG) AI (ORG) SEOUL (LOCATION) Samsung Electronics (ORG)
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