Seoul:Samsung Electronics has announced a significant increase in its net profit for the third quarter of 2026, rising by 514.6% year-on-year to reach 75.13 trillion won ($56 billion). This remarkable growth has been attributed to the strong demand for artificial intelligence (AI)-related semiconductors.
According to Qatar News Agency, Samsung's operating profit also saw a substantial increase of 783.1%, amounting to 107.44 trillion won. The company's revenue climbed 126.9% to a record high of 195.25 trillion won, as revealed in a regulatory filing on Thursday.
The semiconductor division played a crucial role in this financial success, generating 106.5 trillion won in operating profit. The division benefited from the robust demand for memory chips, which are essential for AI applications and servers.
In addition to the impressive financial results, Samsung announced a cash dividend of 4,601 won per common and preferred share for the third quarter. The company also outlined its targeted total shareholder returns for 2026, which are projected to be between 90 trillion and 110 trillion won.