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Samsung Electronics projected 89 trillion won in operating profit and 171 trillion won in sales for the April-June quarter. The guidance reflects strong demand for AI memory chips. Full results are due later in July.
businesstoday.inSamsung Electronics forecast an operating profit of 89 trillion won for the second quarter of 2026, a 19-fold increase from the same period a year earlier. The company also projected sales of 171 trillion won, more than double the prior year's level. BBC News reported the preview on 7 July 2026.
The guidance marks Samsung's third consecutive record quarterly operating profit. Demand for artificial intelligence memory chips has outstripped supply and lifted prices, according to the report. Samsung manufactures semiconductors for Nvidia and Google and ranks among the world's largest chip and smartphone producers.
Shares in Samsung have more than doubled since 1 January 2026. Rival SK Hynix has risen more than 200 percent over the same period, while South Korea's Kospi index has climbed more than 80 percent. Industry analyst Marc Einstein of Counterpoint Research said the projected earnings rank among the best quarterly performances ever and sit close to the tech-sector record set by Nvidia earlier in 2026.
He attributed the results to the AI boom and limited supply. Samsung will release full second-quarter results later in July.
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thewire.inA coalition including Amnesty International and Save the Children called for governments to require safety checks on AI systems before release. The statement was issued one day before the United Nations holds its first global summit on AI governance.
airedale.futurecdn.netAlibaba directed employees to stop using Anthropic's Claude Code after the tool flagged connections from China. The company instructed staff to switch to its internal Qoder platform instead.
cnbc.comThe Trump administration removed limits on two Anthropic models last week that had been imposed the prior month. It separately asked OpenAI to delay a new series rollout.