Samsung Electronics forecasts a 19‑fold rise in second‑quarter operating profit, projecting 89.4 trillion won (about $58.47 billion) for the June quarter—a 56% jump over the prior period. The forecast exceeds FactSet’s consensus of 85.054 trillion won. Revenue is expected to more than double to 171 trillion won.

The surge reflects soaring demand for AI‑centric memory chips that power data centers and applications. Investors had pushed Samsung shares up more than 100% from April to June, but recent volatility has dampened gains.

Strong earnings reinforce Samsung’s position as the world’s largest memory‑chip maker and assuage concerns about the durability of AI‑computing expenditure. For investors, the outlook signals continued upside potential and underscores the sector’s resilience amid broader market uncertainty.