Samsung Electronics says third-quarter operating profit likely hit record high

  • Samsung said on Friday predicted that its third-quarter operating profit likely rose to a record high, on demand from data centers and improved production yields.
  • In a regulatory filing, Samsung said July-September profit was likely 17.5 trillion won ($15.5 billion), compared with an average forecast of 17.2 trillion won in a Refinitiv poll of 15 analysts.
The Samsung Electronics  logo is displayed in a window at the company's Seocho office building in Seoul, South Korea.
SeongJoon Cho | Bloomberg | Getty Images
The Samsung Electronics  logo is displayed in a window at the company's Seocho office building in Seoul, South Korea.

Samsung Electronics on Friday said its third-quarter operating profit likely rose to a record high, on demand from data centers and improved production yields.

The third quarter is, however, expected to mark a peak in earnings as a two-year super cycle of tight supply and soaring demand comes to an end, with prices of some types of chips already sliding sharply.

Samsung, in a regulatory filing, said July-September profit was likely 17.5 trillion won ($15.5 billion), compared with an average forecast of 17.2 trillion won in a Refinitiv poll of 15 analysts.

The firm did not elaborate on its performance and will disclose detailed earnings in late October.