Samsung Electronics second-quarter operating profit beats estimates on soaring AI chip demand

The logo of Samsung is seen at the Samsung Electronics Seocho building in Seoul on July 7, 2026. South Korean technology giant Samsung Electronics forecast on July 7 a roughly 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips. (Photo by Jade GAO / AFP via Getty Images)Jade Gao | Afp | Getty ImagesSamsung Electronics extended its record run with second-quarter operating profit topping analysts' estimates, as robust artificial intelligence demand continued to drive growth in its memory chip business.Here are Samsung's first-quarter results compared with LSEG SmartEstimates, which is weighted toward forecasts from analysts who are more consistently accurate:Revenue: 171 trillion won vs. 172.65 trillion won expected Operating profit: 89.4 trillion won vs. 88.13 trillion won expectedThe South Korean tech giant posted a record second-quarter operating profit, up 1,813.8% year on year, while revenue rose 130%. Profit jumped over 56.37% from the previous quarter, while revenue climbed 28.11%.Both operating profit and revenue were in line with Samsung's forecast released earlier this month.Samsung last week unveiled it...