Samsung Q2 profit jumps 19-fold as AI chip demand offsets mobile loss

FILE PHOTO: A Samsung Electronics logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo 30 Jul 2026 08:03AM SEOUL, July 30 : Samsung Electronics said on Thursday its operating profit jumped 19-fold to a record in the second quarter, as solid demand for AI chips offset weaker earnings at its mobile business.The world's top memory chipmaker reported operating profit of 89.4 trillion won ($61.91 billion) for the April-to-June period, in line with its estimate of 89.4 trillion won and up from 4.68 trillion won a year earlier.($1 = 1,444.0800 won) Source: Reuters