Samsung likely to post 18-fold jump in Q2 profit on AI chip demand

Samsung Electronics is expected to report an 18-fold jump in second-quarter operating profit, driven by strong AI-led demand for memory chips. Profit is projected to reach a record $56.35 billion for the April-June quarter, according to an LSEG SmartEstimate. The expected surge would mark Samsung's third straight quarter of record earnings amid tight memory supply.