Samsung to announce preliminary results tomorrow; analysts say its Q3 operating profit is expected to surge nearly ninefold.

BlockBeats news, October 7th, driven by strong artificial intelligence demand, analysts expect Samsung Electronics' third-quarter operating profit to surge nearly 9 times, though analysts have cut their forecasts by nearly 8% since late August.

Amid slowing price increases for memory chips and a stronger South Korean won, the memory chip maker is expected to post an operating profit of 106.1 trillion won (about $79.1 billion) in the third quarter. This would mark Samsung's fourth consecutive quarter of record operating profit, up from 12.17 trillion won a year earlier.

However, the pace of price increases slowed in the third quarter, intensifying concerns that chip profit margins may have peaked and raising questions about whether the AI spending boom can be sustained. Estimates by SK Securities analyst Han Dong-hee show that Samsung's memory chip operating margin in the third quarter is expected to reach 76%, flat with the previous quarter. It is reported that Samsung will announce preliminary third-quarter results on Thursday, with detailed figures to be released in late October.