Samsung's Q3 net profit reaches $56.1B, up 526% year over year

October 29: According to JRJ.com, Samsung Electronics (KRX: 005930) today released its financial results for the third quarter of 2026 ended September 30. The results show Samsung's third-quarter revenue was 195.25 trillion won (about $145.6 billion), up 126.88% from 86.06 trillion won in the same period last year; net profit attributable to shareholders of the parent company was 75.21 trillion won (about $56.1 billion), up 526.39% from 12 trillion won a year earlier.

This marks yet another quarter in which Samsung has benefited from the memory chip super-cycle driven by AI, continuing a streak spanning multiple quarters. Over the past year, pulled by demand for large-model training and inference, HBM (high-bandwidth memory) and DRAM prices have kept climbing, and inventory clearing combined with the price increases has sharply restored Samsung's chip business gross margin. With revenue doubling and net profit more than sixfold, growth of this magnitude is rare in Samsung's recent financial reports. Another set of figures better illustrates the weight of this rally: in the same period last year, Samsung's net profit was still less than $10 billion; one year later, its single-quarter net profit is more than six times that level. Market analysis holds that as long as the trend of AI computing power expansion remains unchanged, the memory price upcycle is still only halfway through, and Samsung's high earnings growth may continue.