The better-than-expected guidance comes as some analysts have said that a boom in the semiconductor industry is approaching. Counterpoint Research, a Hong Kong-based global research company, attributed Samsung’s solid performance largely to stronger-than-expected prices and sales of DRAM and NAND products used in a wide range of electronics, driven by AI-related investments centered around data servers.

“This year, the DRAM market has experienced a series of supply shortages, starting with HBM and extending to both legacy and newer, general-purpose products,” Counterpoint Research director M.S. Hwang said ahead of the preliminary results.