Samsung posts record Q2 profit on AI memory chip demand

Samsung Electronics reported a record quarterly operating profit of 89.5 trillion won ($62 billion) for the April-June period, the company announced on Thursday, July 30, 2026. The result, which met market expectations, marked a more than 1,800 percent increase from the same period a year earlier and was driven almost entirely by soaring demand for memory chips used in artificial intelligence infrastructure.

Revenue for the quarter reached 171.5 trillion won, also a record high. The company's semiconductor business, housed in its Device Solutions division, delivered nearly all of the operating profit, fueled by strong sales of high-bandwidth memory (HBM), server DRAM, and enterprise SSDs to AI cloud providers. In contrast, the Mobile eXperience division, which includes smartphones, reported an operating loss attributed to higher component costs.

The results underscore how the global AI boom is reshaping the semiconductor industry, with memory chipmakers becoming primary beneficiaries. Samsung's performance follows a similar pattern from its main rivals. SK hynix reported record quarterly revenue earlier in the week, while U.S.-based Micron Technology also posted record results...