Seoul:Samsung Electronics Co. announced a significant increase in its third-quarter net profit, which jumped more than sixfold compared to the previous year. This surge in profit is attributed to the robust demand for semiconductors related to artificial intelligence (AI), which has significantly bolstered the company's earnings.

According to Emirates News Agency, Samsung's net profit for the July-September period reached 75.13 trillion won (approximately US$56.2 billion), marking a 514.6 percent increase from 12.22 trillion won a year earlier. This data was released in a regulatory filing.

The company's operating profit experienced an even more dramatic rise, increasing by 783.1 percent year on year to 107.44 trillion won. Additionally, revenue saw a 126.9 percent increase, reaching 195.2 trillion won. Samsung Electronics has now posted record quarterly revenue and operating profit for four consecutive quarters, continuing a trend that began in the fourth quarter of 2025.