Samsung Electronics: third-quarter operating profit of 107.44 trillion won, the first above 100 trillion for a technology company
Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .
Demand for memory for SI servers has brought Samsung a profit that no technology company has had before.
From Samsung's regulatory filing: revenue for July–September rose 126.9% to 195.25 trillion won, operating profit rose 783.1% to 107.44 trillion won, and net profit reached 75.13 trillion won (about $56.2 billion). The semiconductor division brought in 106.5 trillion won, or 99.1% of operating profit. The company calls itself the world's first technology company with quarterly operating profit above 100 trillion won; records in revenue and profit have come for a fourth quarter in a row. Samsung expanded sales of HBM4 memory and announced a dividend of 30 trillion won for the quarter; it plans to return another 55–75 trillion won to shareholders this year. According to CNBC, the profit was close to analysts' expectations, and the shares closed 4.13% lower.
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