Business

Samsung Q1 Profits Surge 8-Fold on AI Demand
By Reuters | 06 Apr, 2026

Samsung Electronics projects an over eight-fold jump in Q1 operating profit on year as the AI boom produces insatiable demand for servers with high-bandwidth memory chips.

Samsung Electronics on Tuesday projected a more than eight-fold jump in first-quarter operating profit from a year earlier, beating expectations as booming demand for artificial intelligence infrastructure caused supply bottlenecks and drove chip prices higher.

The world's largest memory chipmaker estimated an operating profit of 57.2 trillion won ($37.92 billion) for the January to March period, compared with an LSEG SmartEstimate of 40.6 trillion won and a profit of 6.69 trillion won a year earlier.

(Reporting by Hyunjoo Jin and Heekyohng Yang; Editing by Sonali Paul)