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SEOUL (Reuters) -Samsung Electronics on Tuesday projected a 32% rise in third-quarter operating profit from a year earlier, well ahead of analysts' estimates, as demand for conventional memory chips helped offset weaker high bandwidth memory chip sales. The world's largest memory chipmaker estimated an operating profit of 12.1 trillion won for the July-September period, versus a 10.1 trillion won LSEG SmartEstimate, marking its highest quarterly profit in more than three years. Samsung’s third-quarter results reflected a gradual recovery in the memory market, as strong demand for server and AI-related chips boosted prices and shipments of conventional DRAM and NAND products. Although progress in supplying advanced high bandwidth memory (HBM) chips to major clients such as Nvidia was slower than expected, gains in commodity memory, also supported by tight supplies, helped cushion the impact, analysts said. Revenue would likely rise 8.7% to 86 trillion won from a year earlier, the filing showed. Samsung is expected to release detailed results including a breakdown of earnings for each of its businesses later this month. (Reporting by Heekyong Yang, Joyce Lee and Hyunjoo Jin; Editing by Chris Reese and Sonali Paul)

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SEOUL (Reuters) -Samsung Electronics on Tuesday projected a 32% rise in third-quarter operating profit from a year earlier, well ahead of analysts' estimates, as demand for conventional memory chips helped offset weaker high bandwidth memory chip sales. The world's largest memory chipmaker estimated an operating profit of 12.1 trillion won for the July-September period, versus a 10.1 trillion won LSEG SmartEstimate, marking its highest quarterly profit in more than three years. Samsung’s third-quarter results reflected a gradual recovery in the memory market, as strong demand for server and AI-related chips boosted prices and shipments of conventional DRAM and NAND products. Although progress in supplying advanced high bandwidth memory (HBM) chips to major clients such as Nvidia was slower than expected, gains in commodity memory, also supported by tight supplies, helped cushion the impact, analysts said. Revenue would likely rise 8.7% to 86 trillion won from a year earlier, the filing showed. Samsung is expected to release detailed results including a breakdown of earnings for each of its businesses later this month. (Reporting by Heekyong Yang, Joyce Lee and Hyunjoo Jin; Editing by Chris Reese and Sonali Paul)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

SEOUL (Reuters) -Samsung Electronics on Tuesday projected a 32% rise in third-quarter operating profit from a year earlier, beating analysts' estimates by far, as demand for conventional memory chips helped offset weaker high bandwidth memory chip sales. The world's largest memory chipmaker estimated an operating profit of 12.1 trillion won ($8.5 billion) for the July-September period, which would mark its highest quarterly profit in more than three years, well above a 10.1 trillion won LSEG SmartEstimate. Samsung’s third-quarter results underscored strong demand for server and AI-related chips, which have boosted prices and shipments of conventional DRAM and NAND products. "The third-quarter earnings surprise came from the chip business," said Ryu Young-ho, a senior analyst at NH Investment & Securities. Although progress in supplying advanced high bandwidth memory (HBM) chips to major clients such as Nvidia was slower than expected, gains in commodity memory, also supported by tight supplies, helped cushion the impact, analysts said. "Chip sales were strong overall, driven by higher prices and shipments, with HBM products accounting for a larger share within memory. The foundry unit also narrowed its losses as higher utilization rates helped ease fixed-cost pressures," Ryu said in a note. Revenue would likely rise 8.7% to 86 trillion won from a year earlier, the filing showed. Samsung is expected to release detailed results including a breakdown of earnings for each of its businesses on October 30. Samsung shares have rallied 75% to record highs this year. Analysts said memory makers' focus on investing in advanced chips in recent years may have limited the production of conventional chips, which could extend a supply shortage and drive price increases for the chips needed in servers for AI. Prices of some DRAM chips, widely used in servers, smartphones and PCs, jumped 171.8% in the third quarter from a year earlier, according to TrendForce data. Following OpenAI's success with ChatGPT, big tech companies have established longer-term plans to expand their spending on AI-related investments, including data centres and servers capable of handling the growing workloads from AI services. While recent chip supply deals with major tech companies, such as Tesla and OpenAI, eased investor concerns about Samsung, analysts cautioned that uncertainties remain, including potential U.S. tariffs that could hurt chip demand, an intensifying trade war between the U.S. and China, as well as China's tightened export controls on rare earth materials used in advanced chips and manufacturing equipment. ($1 = 1,427.1000 won) (Reporting by Heekyong Yang, Hyunjoo Jin and Joyce Lee ; Editing by Chris Reese and Sonali Paul)

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By James Pearson LONDON (Reuters) -British cyber incidents classed as "highly significant" have risen by 50% over a year ago, the head of the country's National Cyber Security Centre (NCSC) will say on Tuesday.    A series of cyber attacks in recent months has knocked some of Britain's biggest brands, including Marks & Spencer, Co-op and Jaguar Land Rover (JLR), offline.    "Every leader, whether you're one person at your kitchen table  or the boss of thousands of people,  you must have a plan to defend against criminal cyberattacks," NCSC CEO Richard Horne is due to say at the launch of its annual review in London.    The NCSC, part of Britain's GCHQ spy agency, was asked to help with 429 cyber incidents in the 12 months to August, half of which were considered of "national significance".    Of those, Horne said, 18 were classed as "highly significant" because they had "serious impact on central government, UK essential services, a large proportion of the UK population, or the UK economy".    Ministers have written to companies, including the largest 350 on the FTSE Index, urging them to understand what support is available and to make cyber resilience a board-level responsibility, Britain's Department for Science, Innovation & Technology Press said in a statement.    The NCSC said it had dealt with 204 attacks in the three most serious categories in the year to August 2025, more than doubling from 89 the year before.    That has cast a light on the resilience of companies and particularly the smaller businesses in their supply chains, which may be more vulnerable to suddenly losing orders, and payments, if their clients are unable to operate.           JLR, which analysts estimated was losing around 50 million pounds per week from the shutdown, last week restarted some manufacturing after an almost six-week pause.     The luxury carmaker, owned by India's Tata Motors, was given a 1.5 billion pound loan guarantee by the British government in late September to help it support suppliers.    "If your IT infrastructure was crippled tomorrow  and all your screens went blank,  could you run your payroll systems, keep your machinery working, or stock your shelves? ," Horne said in his speech.    "If the answer is no, or more likely ‘don’t know’, act now".  (Reporting by James Pearson; Editing by Alexander Smith)

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