Samsung overtakes Nvidia as most-profitable tech company

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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.