Samsung and SK Hynix post record profits exceeding India Inc

Kiswahili

South Korean chipmakers Samsung and SK Hynix reported combined profits of $59.7 billion for the March 2026 quarter. The figure tops the aggregate earnings of all listed Indian companies in any previous quarter. Strong demand for memory chips tied to artificial intelligence drove the results.

The two firms achieved these record earnings amid rising global spending on AI infrastructure. Memory chips, essential components in data centers and advanced computing systems, formed the core of the profit surge.

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Illustration depicting SK hynix's record Q1 profits from AI demand, with executives and glowing chips in a high-tech boardroom.
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SK hynix posts record Q1 operating profit of 37.61 trillion won

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SK hynix reported record Q1 sales of 52.58 trillion won and operating profit of 37.61 trillion won ($25.42 billion) on Thursday. The figures marked year-on-year increases of 198 percent in sales and 405.5 percent in operating profit, driven by strong AI infrastructure demand. Net profit also hit a record 40.34 trillion won ($27.3 billion).

Samsung Electronics confirms record Q1 operating profit of 57.23 trillion won on AI chip boom

Samsung Electronics confirmed record Q1 sales of 133.87 trillion won and operating profit of 57.23 trillion won on April 30, slightly beating its earlier guidance of 133 trillion won in sales and 57.2 trillion won in OP. The results, up 69% and 756% year-on-year, were fueled by AI-driven memory chip demand, with net profit jumping over fivefold to 47.22 trillion won.

Samsung Electronics forecasts record Q1 operating profit of 57.2 trillion won

Imeripotiwa na AI

Samsung Electronics estimated a record first-quarter operating profit of 57.2 trillion won ($37.9 billion) on Tuesday, driven by surging demand for AI chips. The figure marks a 755 percent increase from a year earlier, with sales reaching 133 trillion won for the first time exceeding 100 trillion won. The results surpassed analysts' expectations amid a booming AI sector.

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Asian markets surged on June 25 after Micron Technology projected robust future demand during its fiscal third quarter earnings call. The chipmaker's shares rose sharply, boosting confidence in the AI trade. Falling oil prices added to the positive sentiment across regional bourses.

South Korea's exports hit record high of $87.8 billion in May

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South Korea's exports jumped 53 percent from a year earlier to a record $87.8 billion in May, driven by the semiconductor supercycle.

Seoul stocks open at fresh record high on chip rally

Seoul stocks opened at a fresh record high Friday after surging past 9,000 the previous day, boosted by a continued chip rally amid an artificial intelligence boom.

India reclaims sixth spot in global market cap rankings

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India has regained its position as the sixth largest economy by market capitalization following a sharp decline in South Korea's stock market. The shift came after major South Korean companies saw steep losses in value. Indian markets showed relative stability amid the changes.

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