Samsung Electronics reported its third quarterly earnings with a 72.8% year-over-year increase in net income to $7.3 billion (10.1 trillion won), supported by strong sales in consumer electronics and mobile divisions. Revenue reached a record $57.4 billion (79.1 trillion won), though the semiconductor segment posted a weaker-than-expected operating profit of $2.8 billion (3.86 trillion won). Samsung highlighted “meaningful progress” in testing its HBM3E memory chips, aimed at AI applications, and anticipates expanded sales in the fourth quarter, briefly lifting investor sentiment and raising its stock by 3.6% post-announcement.

Despite this uptick, Samsung’s stock remains down 32% since July, reflecting