Samsung profits surge 1,800% amid AI chip boom, and crypto miners should be paying attention

Samsung Electronics just posted a quarterly profit number so large it almost looks like a typo. The company’s preliminary estimate for Q2 2026 operating profit came in at 89.4 trillion won, roughly $58.4 billion, representing an approximately 1,810% increase from the 4.7 trillion won it earned in the same period last year.

To put that in perspective, this single quarter’s projected profit surpasses Samsung’s total operating profit for the entirety of 2023 through 2025. Combined. Three full years of earnings, beaten in 90 days.

The AI memory machine

The Q2 figure also beat analyst expectations of 87.3 trillion won, suggesting that even Wall Street’s most bullish forecasts are struggling to keep pace with the reality of AI-driven semiconductor demand.

This isn’t a one-quarter anomaly either. In Q1 2026, Samsung’s profit surged eightfold, with memory prices nearly doubling during that period alone. The Q2 result marks the company’s third consecutive quarter of record operating profits.

Samsung’s semiconductor division, known internally as the DS unit, is capturing the lion’s share of these profits. Meanwhile, the company’s mobile division is actually feeling the squeeze from the other side of the same trend. Higher chip costs are pressuring margins on smartphones.

Markets react with a shrug

Despite the jaw-dropping profit figure, Samsung’s stock and several Asian tech peers actually declined following the announcement. The culprit appears to be profit-taking, combined with growing anxiety about whether current valuations already price in the AI boom.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.