Samsung: record profit in the second quarter, but without the help of its smartphones

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Samsung continues to make headlines. After taking center stage in recent weeks with the arrival of the new Galaxy Z Fold and Z Flip 6, the South Korean brand is continuing its momentum and announced record operating profits for the second quarter on Wednesday.

The numbers are impressive. The brand has managed to multiply its profits by 15. A financial success that is not necessarily linked to Samsung's “surface” (visible to the general public) activity. Rather, it is the brand's professional projects that have brought in big profits over the past three months.

At the top of the list are semiconductor sales. Demand exploded in 2024 with the emergence of artificial intelligence, and Samsung is one of the best suppliers on the planet. The company is therefore taking advantage of this craze to bet big on the development of AI and the hardware solutions needed to run the ChatGPTs of tomorrow.

Samsung explains in its press release that the brand “would actively respond to the demand for high value-added products used in AI.” Samsung is focusing in particular on HMB, high-bandwidth memories, widely used in the design of AI.

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This product is currently in short supply and Samsung is one of the only global producers, along with Nvidia. According to several analysts, demand should far exceed commercial supply for another 18 months, allowing Samsung and Nvidia to raise the stakes and boost their profits.

Samsung: a well-hidden industry

Because behind smartphones and other smartwatches, Samsung is above all an outstanding supplier. The brand notably produces screens and chips for Apple and its iPhones. It also builds processors for televisions. The firm is so present in this market that it has just taken the number one position. It recorded an operating profit of almost 7 billion euros in this sector of activity in particular.

Overall, the Samsung brand is doing very well. Its turnover has, logically, increased sharply during this second quarter. It has progressed by 23% compared to the beginning of the year. These results obviously exceed all the projections of financial analysts.

A symbol of this financial success for the company, Samsung shares have risen by 4.5% over the last five days, a figure that could rise further in the coming weeks.

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