Seoul, October 29 (QNA) - South Korea's Samsung Electronics reported a 514.6% year-on-year surge in net profit in the third quarter of 2026 to 75.13 trillion won ($56 billion), driven by strong demand for artificial intelligence (AI)-related semiconductors.

Operating profit soared 783.1% to 107.44 trillion won, while revenue jumped 126.9% to 195.25 trillion won, both reaching record highs, the company said in a regulatory filing on Thursday.

The semiconductor division generated operating profit of 106.5 trillion won, benefiting from robust demand for memory chips used in AI applications and servers.

Samsung announced a third-quarter cash dividend of 4,601 won per common and preferred share. It also said its targeted total shareholder returns for 2026 range from 90 trillion to 110 trillion won. (QNA)