Samsung Electronics projects record operating profit growth for the second quarter

Samsung Electronics has forecasted an approximate 1,810% year-on-year increase in operating profit for the second quarter, covering the period from April to June. The company expects operating profits to reach 8.94 trillion won, while revenues are estimated to rise by 129% to 171 trillion won. This growth is driven by the robust global demand for memory chips essential for artificial intelligence applications and data centers. Business professor Kim Dae-jong noted that these projections represent the highest quarterly operating profit in the company's history. Despite these positive financial expectations, Samsung shares dropped by 7% during morning trading, and the Kospi index also experienced a decline. Investors expressed caution regarding the sustainability of current market demand for chips beyond next year. Analysts remain divided, as some expect the demand to persist into 2025, while others highlight significant long-term uncertainty.