Samsung's Q2 Profit Doubles Last Year's Annual Earnings, Surpasses Nvidia

Samsung Electronics has posted preliminary second-quarter earnings that dramatically surpass expectations, with its operating profit soaring to 89.4 trillion won. This figure not only represents a substantial increase compared to the same period last year but also exceeds Samsung's entire annual operating profit from 2023. The company's performance in the April-June quarter also outshone that of Nvidia, the world's top-valued AI chip firm, whose quarterly operating profit was approximately 81.68 trillion won. Samsung's Device Solutions (DS) division, responsible for semiconductors, is credited with spearheading this record-breaking performance. The company projects sustained, record-level earnings throughout the remainder of the year, building on this exceptional Q2 result. Compared to the previous quarter, revenue rose by 27.74% and operating profit by 56.21%. The reported Q2 operating profit also exceeded market forecasts by 4.55%.