Samsung electronics: Q3 operating profit soars, cementing market leadership

Seoul: Samsung Electronics Co. on Tuesday projected that its third-quarter operating profit had reached the highest level in more than three years, surpassing market expectations.

The world’s largest memory chip manufacturer forecast an operating profit of 12.1 trillion won ($8.5 billion) for the quarter ending in September, up 31.8 per cent from 9.18 trillion won a year earlier, according to earnings guidance released by the company, reports Yonhap News Agency.

This marks Samsung’s largest quarterly profit since the second quarter of 2022, when it posted an operating profit of 14.1 trillion won. The third-quarter figure is 17.4 per cent higher than the average estimate in a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency.

Sales rose 8.7 per cent to a record 86 trillion won, exceeding the previous quarterly high of 79.1 trillion won set in the third quarter of 2024. Net income data is yet to be released. Samsung will publish its final earnings report in the coming weeks.

Earlier this year, Yonhap reported that Samsung Electronics retained its top position in the Indian TV market during the first half of 2025, driven by strong sales of large premium models. The company held a 23.8 per cent share of the market between January and June, maintaining its number-one ranking since 2017, according to data from global market research firm Omdia.

LG Electronics, Samsung’s smaller South Korean rival, ranked second with a 16.5 per cent share, followed by China’s Xiaomi at 7.9 per cent, Yonhap reported on August 31.

Industry analysts said Samsung has sustained strong sales in India through its advanced large-screen models, including Neo QLED and OLED TVs.

IANS