Samsung Electronics Co. Ltd., KR7005930003

Samsung reported record profit: Goldman targeted Samsung Electronics stock at KRW 490,000

Published on 10/12/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached KRW 195.00 trillion in the third quarter, up 126.60 percent year over year. For Samsung Electronics stock, profit beat consensus by 1.60 percent.

Key points in brief

Samsung reported preliminary third-quarter operating profit of KRW 107.40 trillion on October 8, 2026.
Third-quarter revenue was forecast at KRW 195.00 trillion, up 126.60 percent year over year.
Operating profit exceeded consensus by 1.60 percent, while Goldman Sachs targeted Samsung Electronics stock at KRW 490,000.
Samsung's third-quarter earnings conference call is scheduled for October 29, 2026.

Samsung Electronics Co. Ltd., KR7005930003, Illustration mit AI erstellt.

Samsung reported preliminary third-quarter operating profit of KRW 107.40 trillion on October 8, 2026, up 782.50 percent from a year earlier, according to Samsung Electronics. On September 18, 2026, Goldman Sachs targeted Samsung Electronics stock at KRW 490,000 and retained a Buy rating, according to Yahoo Finance.

Profit reaches KRW 107.40 trillion

Samsung's guidance put third-quarter consolidated sales at KRW 195.00 trillion, up 126.60 percent year over year. The operating-profit estimate exceeded the average market forecast by 1.60 percent, according to Yonhap News Agency.

The comparison with the second quarter shows the scale of the acceleration. Samsung reported second-quarter sales of KRW 171.50 trillion and operating profit of KRW 89.49 trillion in its October 8 guidance, while the comparable third-quarter estimates rose to KRW 195.00 trillion and KRW 107.40 trillion.

What does the estimate mean?

The figures point to a sharp improvement in Samsung's semiconductor earnings, but the preliminary release did not provide a business-by-business breakdown. CNBC reported that artificial-intelligence demand was supporting the chips business, while analysts also highlighted the demanding expectations already embedded in the sector.

That distinction matters for the next market reaction. A record operating-profit estimate can still leave the stock sensitive to the final business-segment figures, memory pricing and the level of future capital spending.

October 29 brings the next update

Samsung's investor-relations calendar schedules the third-quarter earnings conference call for October 29, 2026, at 10:00 a.m. KST. The event should provide the detailed division figures that were absent from the preliminary guidance and clarify how much of the KRW 107.40 trillion estimate came from memory chips.

Analyst target remains a key reference

Goldman Sachs' KRW 490,000 target gives the market a dated analyst reference, but it is a South Korean share-price target rather than a euro quotation. The target was published on September 18, 2026, so the October 8 earnings guidance is the newer company event and the more immediate fundamental reference.