Samsung reports preliminary Q3 operating profit up 782% YoY to ~$80.1B, vs. ~$81.2B est., and revenue up 127% to ~$145.7B, lower than expected (Yoolim Lee/Bloomberg)

Samsung Electronics Co. posted another record profit that was just shy of sky-high expectations elevated by surging memory chip prices and relentless spending on AI infrastructure. The company's operating profit for the three months through September climbed to about 107.4 trillion won ($80.1 billion), more than eight times the level a year earlier, lifted by demand for high-bandwidth memory.