SEOUL, October 14 (AJP) - Samsung Electronics signaled a strong comeback in the latter half of the year, well beating market expectations with an estimated three-year high operating profit of 12.1 trillion won ($9.1 billion) and record-breaking revenue, fully riding on the chip boom driven by artificial-intelligence engines.
Revenue reached a historic quarterly high of 86 trillion won in the three months ended September, up 15 percent from 74.6 trillion won in the previous quarter, according to the earnings guidance released Tuesday by the South Korean tech giant whose businesses range from semiconductors to smartphones and consumer electronics.
It marks the first time the company’s quarterly sales have surpassed the 80-trillion-won threshold.
Although Samsung does not disclose divisional details in its preliminary figures, market analysts project record-high sales from its Device Solutions division, which includes the memory and foundry businesses. Based on the stronger-than-expected headline numbers, operating profit from the semiconductor segment is estimated to approach 6 trillion won, up from 400 billion won in the second quarter.
Shares of Samsung Electronics opened strong, up 2.8 percent at 95,900 won as of 9:10 a.m. Seoul.
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