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Samsung Electronics announced Q3 2026 earnings of KRW 195 trillion ($145.33 billion) sales and KRW 107.40 trillion ($80 billion) profit. Despite this surge, the company cuts smartphone production for Q4 2026 by up to 30% due to rising memory prices.
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Summary by ByteBrief

Samsung Cuts Smartphone Output by 30%
Samsung Halts Exynos Auto Chip Development

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)