Samsung's Q3 Operating Profit Surpasses Nvidia's, Making It the World's Largest Quarterly Earner

3-line summary

• Samsung Electronics posted third-quarter operating profit of 107.4 trillion won (about $75 billion), up 783% year-on-year and 20% quarter-on-quarter, according to an Investing.com report; this exceeded Nvidia's estimated operating profit for the same period of 97 trillion won, making Samsung the world's largest generator of quarterly operating profit, the report said.
• The growth was driven by Samsung's memory chip business, particularly rising demand and prices for high-bandwidth memory (HBM) used in AI accelerators; KB Securities forecast fourth-quarter operating profit of 114 trillion won (113 trillion won from the memory division) and maintained a buy rating with a 600,000-won price target, projecting HBM average selling prices to rise more than 100% year-on-year in 2027.
• KB Securities said Samsung's remaining shareholder-return budget under its current three-year plan (110 trillion won) could support 70-80 trillion won in cash dividends and 30-40 trillion won in share buybacks, also noting the stock's forward P/E of about 4x is low; the report's Nvidia figure is an estimate rather than a confirmed result, and the fourth-quarter outlook is a brokerage forecast.

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