Samsung Electronics reported revenue of 171.5 trillion won ($118.7 billion) for its full Q2 earnings report, with operating profit totaling 89.5 trillion won ($62.4bn).

Both figures were in line with the company’s forecast released earlier this month.

The quarterly operating profit represents a Year-over-Year (YoY) increase of 1,814 percent, while revenue was up 130 percent from the same period a year earlier. Quarter-over-Quarter (QoQ), operating profit was up 56 percent, while revenue was up 28 percent.

Samsung attributed that the vast majority of the growth to its Device Solutions Division, under which the company’s semiconductor, memory, and foundry operations fall. For the second quarter, the segment saw a QoQ sales increase of 56 percent, with the memory business “setting an all-time high for quarterly revenue and operating profit.”

In total, the division posted 127.5 trillion won ($88.9bn) in revenue and 89.2 trillion won ($62.2bn) in operating profit, the company said.

“The memory business achieved another record-breaking quarter by proactively addressing AI demand despite limited capacity with a primary focus on server products,” Samsung said in a statement. “The continued industry-wide upward trend of prices also contributed to the record earnings.”

The company also said its foundry business “improved significantly” in the three-month period, driven by “HBM base-die demand and strong orders from customers in the US” and increased“design wins with major customers.”

In the second half of 2026, Samsung said it expects its foundry business to ramp up production of 2nm mobile products and expand sales of LPU and 4nm base-die products.

“Amid rising demand across all process nodes from customers in the US and China, the [foundry] business is targeting double-digit revenue growth. Additionally, the business will deliver mid-to-long-term growth via advanced nodes and the expansion of AI and HPC design wins,” Samsung said.

Earlier this week, Samsung announced it was partnering with Broadcom for a chip production collaboration that could be worth $200 billion over five years. The agreement covers joint projects on memory, chip foundry, and advanced packaging technologies.

The results helped the company's share price rebound on Thursday, having slumped on Wednesday amid a wider sell-off of tech stocks.