The Samsung logo, representing the South Korean multinational manufacturing conglomerate, the largest chaebol of South Korea, and the world's largest information technology company, consumer electronics maker, chipmaker, and smartphone manufacturer, appears on their pavilion during the Mobile World Congress 2025 in Barcelona, Spain, on March 5, 2025. (Photo by Joan Cros/NurPhoto via Getty Images)

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South Korean tech giant Samsung Electronics on Thursday reported third-quarter operating profit that is broadly in line with analysts' expectations, as demand for advanced memory chips used in artificial intelligence applications continued to grow.

Following the announcement, Samsung shares were trading 5% lower.

The company plans to increase sales of advanced memory chips used in AI applications and secure long-term contracts to meet growing demand.

Here are Samsung's third-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts…