Business News
Samsung Electronics has posted its highest profit since its inception thanks to the ongoing AI boom.
April 30, 2026, 06:23April 30, 2026, 06:23
In its current business figures, South Korea’s largest company reported an operating profit of 57.2 trillion won (the equivalent of around 32.9 billion euros) for the period from January to March – around eight times the same period last year.
The South Korean Samsung Group reports strong figures.Image: keystone
Samsung’s quarterly figures have significantly exceeded even the market’s already high expectations. According to a survey conducted by the South Korean news agency Yonhap, the group’s net profit was on average more than 20 percent higher than the estimates of the economists surveyed. The markets reacted positively to the annual report: Immediately after trading started on Thursday morning local time, the South Korean leading index Kospi rose by over 0.7 percent before falling slightly again.
Samsung’s record profit is driven primarily by continued strong demand for computer chips. Chip shortages have driven up prices sharply. 53.7 trillion won of operating profit alone – almost 94 percent of total profit – was generated by the company’s semiconductor division. Samsung Electronics is one of the world’s leading producers of semiconductors, particularly in the segment of high-performance memory chips. (sda/dpa)