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Samsung Set for Record Profit Surge on AI Chip Boom

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Samsung Electronics is expected to report a sharp surge in quarterly profit, driven by soaring demand for memory chips fueled by the global artificial intelligence boom.

Analysts project operating profit of around 40.5 trillion won ($26.9 billion) for the January–March period, marking a six-fold increase and potentially a record quarterly result. Revenue is also expected to rise by roughly 50%, supported by what the company describes as an “unprecedented supercycle” in memory chips.

The surge has been driven by strong demand for AI infrastructure, where advanced memory such as DRAM plays a critical role. Rising prices and tight supply have significantly boosted margins for chipmakers.

However, risks remain. Ongoing geopolitical tensions, particularly in the Middle East, could disrupt supply chains and increase energy costs, potentially slowing investment in data centers. Additionally, recent signs of easing memory prices and reduced consumer demand for electronics have raised concerns among investors.

Samsung’s shares have declined about 14% since late February amid these uncertainties, though they remain significantly higher year-to-date due to AI-driven optimism.

Despite short-term volatility, industry experts expect continued supply shortages in memory chips. Market forecasts suggest DRAM prices could rise further in the coming quarter, reflecting sustained demand and limited production capacity.

While Samsung’s semiconductor division is set to deliver strong performance, its other businesses—including smartphones and display panels—are expected to face pressure from rising component costs and competitive markets. The company may also encounter labor challenges, with unions pushing for changes in compensation structures.

Overall, Samsung’s results highlight the central role of memory chips in the AI economy, even as broader risks continue to shape the outlook.

Accenture Forecast Miss Signals Weak IT Spending

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Accenture forecast third-quarter revenue below Wall Street expectations, reflecting continued caution among clients on large-scale IT spending.

The company expects revenue between $18.35 billion and $19.00 billion, with the midpoint slightly under analyst estimates. The outlook highlights ongoing hesitation among businesses to commit to major transformation projects amid economic uncertainty.

Enterprises are increasingly delaying or scaling back large IT investments, prioritizing cost control over expansion. This trend is affecting consulting and technology service providers that rely on long-term digital transformation contracts.

The forecast underscores broader weakness in corporate tech spending despite ongoing interest in emerging areas such as artificial intelligence.

Intuit Profit Outlook Falls

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Intuit has projected third-quarter profit below expectations as it plans increased marketing spending during the U.S. tax season.

The company aims to expand its customer base through higher promotional and support efforts tied to peak filing activity.

While revenue growth is expected to remain steady, elevated spending is likely to impact near-term profitability.

Intuit continues to enhance its financial software offerings, integrating advanced capabilities to support users in managing tax and accounting processes.

The outlook reflects a strategic balance between customer acquisition and maintaining long-term growth.