Samsung Electronics reported third-quarter revenues of $ 59 billion in its third quarter, mainly fuelled by a 50 percent rise in smartphone sales and profits from microchips surging 82 percent.
The Korean tech giant posted a third-quarter net profit of $8.3 billion, a 49 percent increase from the same period last year.
Samsung also enjoyed strong sales growth of its premium TVs and appliances from July to September.
Samsung likely ate into Huawei's market share for mobile phones and chips as US restrictions hit the Chinese telecommunications giant.
In August, the US department of commerce said it would impose sanctions on any foreign company that sold chips to Huawei without first obtaining a license.
However, Samsung expects declining profits in the fourth quarter due to weaker chip demand from server customers and more intense competition in mobile phones and consumer electronics.
The death of chairman Lee Kun-hee could force a shake-up in Samsung as his heirs might sell assets or be forced into dividend payments to pay a huge inheritance tax.


Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9%
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 



