Samsung is going to make a lot of money selling memory chips.
According to Reuters, the company is about to post a huge profit increase estimate for its Q2 profit, an 18-fold increase compared to the same period last year. That would be 86 trillion won ($56.35 billion) in profit for the quarter starting in April and ending in June, up from just 4.7 trillion won ($3 billion) in Q2 2025.
The reported number comes from an estimate based on forecasts from 30 analysts, and reflects an ongoing memory chip supply crunch. The insatiable need for memory chip recently drove stock prices of memory chip makers such as Micron and Hynix through the roof. As the largest chip memory chipmaker in the world, Samsung will profit from the market imbalance too.
Samsung sells memory chips to numerous companies including tech giants such as Apple, Google, and Nvidia.
The global memory crisis, dubbed the RAMageddon, has helped memory chip makers lock in lucrative contracts and increase profits, but it also caused consumer tech prices to surge. In June, Apple announced significant price increases across numerous product categories, and gadgets such as the PlayStation, the Switch, phones like Motorola Razr, and laptops from Acer, Dell, Lenovo, and Microsoft have suffered a similar fate.
