Samsung estimates 19-fold rise in Q2 operating profit, beating expectations

SEOUL, July 7 (Reuters) - Samsung Electronics 005930.KS on Tuesday forecast a 1,810% jump in second-quarter operating profit from a year earlier, as AI-driven demand continued to lift memory chip prices.

The world's largest memory chipmaker estimated April-June operating profit at 89.4 trillion won ($58.44 billion), compared with an LSEG SmartEstimate of 87.3 trillion won, according to a regulatory filing, and up from 4.7 trillion won a year earlier.



($1 = 1,529.8100 won)


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