In a shocking statement that goes to highlight the sheer scale of the money-making juggernaut at its proverbial hands right now, Samsung's President of the semiconductor-focused DS division has just declared that the South Korean tech behemoth will earn more profits this year than what it cumulatively earned over the past 40 years.
Kim Yong-kwan declared at a recent Samsung town hall meeting that the DS division's operating profit this year will match consensus expectations
Samsung is about to announce its preliminary financial results for the second quarter of 2026, which means that analysts are already attuned to what the company's key executives are saying right now.
Against this backdrop, Kim Yong-kwan, the President and Head of Business Strategy at Samsung Electronics’ Device Solutions (DS) division, reportedly declared at a town hall meeting on July 03 that the division would meet the market's expectations vis-à-vis its operating profit for this year. Do note that analysts currently expect Samsung to report an annual operating profit of around 300 trillion won or ~$200 billion.
Critically, the executive then went on to crow that Samsung's profit in 2026 would surpass the cumulative profit that it earned over the 40 years or so since the company entered the semiconductor business!
Do note that Samsung is currently negotiating with commodity DRAM customers with an express goal of hiking its prices by up to 20 percent quarter-over-quarter in Q3.
This comes as Samsung raised its commodity DRAM prices by 90 percent in Q1 2026 over the reference prices for Q4 2025, and then implemented another sequential price hike of between 50 and 60 percent in Q2.
Of course, as we noted recently, after undergoing a 3x increase since Q1 2025, LPDDR5X 12GB contract prices were hovering at around $120 towards the tail-end of Q1 and into Q2 2026, and have increased by $68.8 since the start of the year to hit $145 per unit recently.
Meanwhile, Samsung is expected to report 84.5994 trillion won ($55.1 billion) in operating profit for the second quarter of 2026. If the South Korean behemoth does match these expectations, it will surpass NVIDIA's Q1 operating profit of $53.54 billion, officially becoming the world's most profitable enterprise.
Finally, while Samsung and SK hynix are now undertaking a massive $800 billion venture to expand capacity for memory chips, the initiative won't yield meaningful production volumes until 2033, which means that elevated memory prices will persist as long as the AI-driven thirst for DRAM and NAND remains strong.
About the author: Writing is my one incontrovertible passion. Over the past six years, he has authored over 2,200 distinct articles on financial and tech-related topics, spanning nearly 1 million words. And he has been a member of Wcctech mobile team since 2025. As an alumnus of the University of Toronto, Rotman Commerce Program, I bring nuance, in-depth knowledge, and a unique perspective to every topic that I cover. When I'm not writing, I'm traveling the world, exploring hidden confectionaries and restaurants as an aspiring food connoisseur.
Follow Wccftech on Google to get more of our news coverage in your feeds.
