Samsung Electronics on Tuesday flagged a 19-fold jump in second-quarter operating profit from a year earlier, surpassing its combined earnings over the past three years, but its shares slid as the results failed to ease concerns about the durability of the AI-driven chip boom.
The world's largest memory chipmaker estimated April-June operating profit at 89.4 trillion won ($58.44 billion), beating an LSEG SmartEstimate of 87.3 trillion won, according to a regulatory filing. It reported a profit of 4.7 trillion won a year earlier. Revenue would likely rise 129% to 171 trillion won from a year earlier, it said.
