Samsung Electronics Seocho Office in Seoul [Yonhap News file photo]

Samsung Electronics reported an operating profit of 89.4 trillion won for the second quarter of this year, marking its third consecutive quarter of record-breaking performance.

Driven by the semiconductor super-cycle and a recovery in technical competitiveness, the company achieved more than double its entire annual operating profit from last year in this single quarter alone.

Samsung Electronics announced on the 7th that, according to its consolidated financial results, the operating profit for the second quarter reached 89.4 trillion won, a 1,810.3% increase compared to the same period last year.

Revenue rose to 171 trillion won, representing a 129.3% increase year-on-year.

This operating profit exceeded the market consensus of 84.1606 trillion won, compiled by Yonhap Infomax, by 6.2%.

With this, Samsung Electronics has achieved record-high revenue and operating profit for three consecutive quarters, beginning from the fourth quarter of last year.

The operating profit for this quarter alone has more than doubled the total annual profit from last year (43.6011 trillion won).

While specific results by business division were not disclosed on this day, it is believed that the Device Solutions (DS) division, which oversees the semiconductor business, generated the vast majority of the company's total operating profit.

This is attributed to the deepening semiconductor supply shortage and rising memory prices, fueled by the continuous growth in global artificial intelligence (AI) infrastructure investments.

The prevailing outlook in the industry is that this trend will continue at least through next year.

In particular, Samsung Electronics is reaping significant benefits from this surge in demand, backed by its position as the world's largest memory production capacity (CAPA) holder.

Recently, the company also became the first in the world to mass-produce and ship 6th-generation HBM (HBM4), further expanding its portfolio of high-value-added products.

On the other hand, the Device eXperience (DX) division, which handles finished goods, is expected to have posted relatively sluggish results.

This is interpreted as the result of persistent pressure on profitability due to rising costs for semiconductors and core components.

Securities analysts estimate the operating profit for the Mobile (MX) and Network business units to be between 500 billion and 1 trillion won, while the TV (VD) and Digital Appliances (DA) business units are estimated to have earned less than 100 billion won each.

Samsung Display is estimated to have recorded an operating profit of around 500 billion won, similar to the same period last year, while the automotive electronics subsidiary Harman is estimated to have posted between 200 billion and 300 billion won.