Samsung Electronics has overtaken Nvidia in quarterly operating profit, driven by its booming memory-chip business amid surging AI infrastructure demand. Samsung reported third-quarter operating profit of 107.4 trillion won (about $75 billion), up 783% year on year and 20% from the previous quarter, above Nvidia's estimated 97 trillion won. KB Securities kept its 'buy' rating with a 600,000-won target price and forecasts fourth-quarter operating profit of 114 trillion won, including 113 trillion from memory. It expects average selling prices for HBM to rise more than 100% year on year, which could accelerate earnings growth in 2027. Under its three-year shareholder-return programme with 110 trillion won remaining, Samsung could pay 70-80 trillion won in dividends and cancel shares worth 30-40 trillion won; KB argues its forward P/E of about 4 times is hard to justify.
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Original headline: Which company has the world’s highest earnings? The answer may surprise you
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