Samsung Q3 Profit Seen at Record 105T Won on AI Chip Boom
SSNLF has more than doubled off its 52-week low of $38.832.
Summary
Analysts expect Samsung to post a record Q3 operating profit of 105.41T won ($70B), driven by AI-fueled memory chip demand and rising prices. Revenue is estimated at 200.26T won, with the semiconductor division's operating margin projected around 75% and memory above 80%. Preliminary results are due October 8. If confirmed, this would mark a fourth straight quarter of record revenue and profit, with Q3 alone exceeding last year's full-year operating profit of 43.6T won. Memory prices continue to climb—PC DRAM hit a record $26 in September, up $1 month-over-month, and NAND rose for a 21st consecutive month. The Device eXperience division remains weak, but the memory upcycle is the dominant driver.
At the time of this announcement, SSNLF was trading at $140.00 on OTC in the Technology sector, with a market capitalization of approximately $886.9B. The 52-week trading range was $38.83 to $2,000.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.