Business · 2026-10-29 · Morning briefing

Samsung shares fall despite 783% profit jump

Samsung Electronics reported a record-breaking third quarter, yet saw its shares close down 4.13% on Thursday. The South Korean tech giant’s operating profit surged by 783% year-on-year to 107.44 trillion won, making it the first global technology firm to surpass 100 trillion won in a single quarter. Revenue also climbed 127% to 195.25 trillion won, marking a fourth consecutive quarter of record results.

The market's muted reaction came as the figures landed broadly in line with analysts' estimates, failing to provide an upside surprise. The performance was overwhelmingly driven by a single division; Samsung's semiconductor business, buoyed by demand for AI-related memory chips, accounted for 106.5 trillion won of the total operating profit.

This heavy reliance prompted Josh Gilbert, an analyst at investment platform eToro, to note that investors are now effectively "holding a memory maker with a phone business attached." This ties the conglomerate's fortunes almost entirely to the cycle of memory chip prices.

Summary written by Cup of News with AI from the sources below. Check the originals for the full story.

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• Market open: Samsung flags 783% profit jump as oil climbs and chips retreat | Oct 8th
• Samsung flags 783% profit jump to record $80bn as AI chip boom also lifts TSMC sales
• Samsung shares fall despite bullish outlook on AI spending
• Samsung Shares Fall as Shareholder-Return Plans Disappoint -- Update
• Samsung, SK Hynix stocks fall again, but Goldman sees 60% upside: here's why

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