Samsung Electronics, one of the big three memory makers, is making a lot of money. So much money that its cash flow is multiple times what it was making just a handful of years ago. And despite much of its memory being fed straight to AI data centers, it is noting that memory supply will only get worse next year.
That’s according to its latest earnings report, where it announced revenue of 171.5 trillion Won (around $119 billion) for the second quarter of 2026. That’s a big jump from the 74.6 trillion Won (just under $52 billion) reported in Q2 last year.
The wins don’t stop there for Samsung, as it also announced an operating profit of 89.5 trillion Won ($62 billion), which is a significant leap from the 25.5 trillion Won ($17.7 billion) it made during the same period last year.
Despite making more money with higher profit margins than ever before, Samsung highlights the ongoing issues for the future of the market. In the earnings call (via Investing), Daniel Oh, the head of investor relations at Samsung Electronics, says, “The supply constraints are expected to become even more severe in 2027 than 2026, reinforcing our view that the supply shortage will persist through 2028. Beyond 2029, it is hard to say because of more limited visibility.”