Samsung overtakes Nvidia as most-profitable tech company

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Samsung overtakes Nvidia as most-profitable tech company
Business

The Times of India

Samsung Electronics reported a record quarterly operating profit of 89.4 trillion won ($58.6 billion) for the April–June quarter, up 1,810.3% year on year, with revenue reaching a record 171 trillion won. The result beat market expectations and surpassed Nvidia's prior single-quarter operating income record, reflecting higher prices and strong demand for high-bandwidth memory, server DRAM and NAND used in AI servers and data centres. The quarter included estimated provisions of 15–19 trillion won for special employee bonuses; without those costs Samsung's profit likely would have exceeded 100 trillion won, and analysts now expect full-year operating profit above 350 trillion won.

Samsung reported a record 89.4 trillion won operating profit.

Context

The global AI boom has increased demand for memory chips. Higher prices for HBM, server DRAM and NAND raised revenue for memory makers. If demand holds, large-scale purchases and continued strong profits are likely next.

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