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Samsung Q1 profit spikes 750% on AI memory boom

4/30/2026

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Story summary
  • Samsung Electronics posted Q1 2026 operating profit of 57.2 trillion won, up over 750% year-over-year, with revenue of 133.9 trillion won ($89.96 billion) beating the LSEG SmartEstimate of 132.69 trillion won.
  • The surge was driven by high-bandwidth memory sales as AI data-center demand lifted prices, prompting Samsung to begin mass-producing 12-stack HBM3E chips, the industry’s highest-capacity memory.
  • Samsung aims to triple HBM output in 2026 to satisfy Nvidia demand.