# Samsung's quarterly profit climbed more than 750% from a year earlier.

*business · news · 2026-04-30 · CNBC*

## Key points

- Samsung's Q1 operating profit rose over 750% year-over-year, reaching a new record high.
- Samsung's record profits were driven primarily by surging demand for AI server memory chips.
- The company surpassed previous quarterly revenue and profit records, far exceeding analyst expectations.
- Supply shortages and higher prices for high-value-added AI memory fueled the earnings surge.
- Samsung anticipates continued strong AI server memory demand through the second half of the year.

**Companies:** Samsung Electronics
**Countries:** South Korea

[Read the full story on CNBC](https://www.cnbc.com/2026/04/30/samsung-q1-earnings-ai-memory-chip-demand-profit-record.html)

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