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ربح سامسونج التشغيلي في Q3 وصل 12.16 تريليون وون (+32.5%)، وقسم أشباه الموصلات لوحده جاب 7 تريليون وون بعد ما كان 400 مليار فقط الربع الفات.
السبب مش مبيعات الموبايلات، السبب دورة AI الحقيقية: طلب انفجاري على ذاكرة HBM3E و DRAM للخوادم وارتفاع أسعار NAND.
باختصار، اللي شايل الشركة حالياً هو ذاكرة الذكاء الاصطناعي.
四号当铺
#Samsung's Q3 profit forecast nearly 8 times higher, full financial report to be revealed soon
Samsung's Q3 operating profit is expected to increase nearly 8 times (107.4 trillion KRW, +782.5% year-on-year). The essence is not a recovery in consumer electronics, but an AI storage super cycle that has independently propelled the semiconductor division into a profit explosion zone: HBM, server DRAM, NAND supply-demand mismatch, with both prices and shipments rising, the chip segment almost entirely accounting for the company's incremental growth.
However, the structure is very "unbalanced": phones and home appliances are hit by rising storage prices and increasing component costs, with profits flat or under pressure; the real money comes from data centers and AI servers. Although Q3 revenue of 195 trillion KRW is a record high, it is slightly below market expectations, and the quarter-on-quarter profit growth has slowed compared to Q2, indicating that the elasticity of "low base + price increases" is marginally weakening.
The market reaction is lukewarm because the positive news has already been priced in. Investors are more concerned about three things: whether HBM4 volume can hold off competition from SK Hynix, whether AI capital expenditure will decline, and when the storage price increase cycle will peak. The full financial report on October 29 will focus on semiconductor division profit margins, HBM share, long-term contract volume locks, and whether phones/foundry will continue to drag.
This preview proves that "selling shovels" has been extremely profitable, but it is not a comprehensive revival of Samsung; the follow-up focus shifts from "whether prices will rise" to "how long the cycle can last and whether Samsung can solidify its HBM market share."
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