[Market Feature] Record-High Quarterly Sales... Samsung Electronics Up Over 4%

Samsung Electronics is showing strong performance on October 30, buoyed by its record-breaking quarterly sales in the third quarter.

As of 9:26 a.m. on October 30, Samsung Electronics was trading at 104,900 won, up 4,400 won (4.38%) from the previous trading day.

This surge appears to be driven by heightened investor interest following Samsung Electronics’ strong third-quarter results. On this day, Samsung Electronics announced that its consolidated sales for the third quarter of this year reached 86.1 trillion won, with an operating profit of 12.1661 trillion won.

Sales and operating profit increased by 8.8% and 32.5%, respectively, compared to the same period last year. Notably, company-wide sales rose by 15% from the previous quarter, marking the highest quarterly sales in the company's history.

Analysts attribute this rebound to strong demand for memory products such as high-bandwidth memory (HBM) and DRAM, which drove up sales in the semiconductor (DS) division.

Meanwhile, investors are also closely watching the scheduled meeting later today between Lee Jae-yong, Chairman of Samsung Electronics, Chung Eui-sun, Chairman of Hyundai Motor Group, and Jensen Huang, CEO of Nvidia.

According to industry sources, CEO Jensen Huang has been seeking a meeting with Chairman Lee Jae-yong since his visit to Korea about a month ago. The pace of arranging this meeting has accelerated in conjunction with the Asia-Pacific Economic Cooperation (APEC) Summit and CEO Summit currently taking place in Gyeongju.

This content was produced with the assistance of AI translation services.