Samsung Electronics reported over ten billion won in second-quarter operating profit on the back of rebounding prices and demand in semiconductors driven by the artificial intelligence boom. 

The South Korean tech giant said in a regulatory filing on Wednesday that it posted ten-point-four trillion won in operating profit in the April-June period, up one-thousand-462 percent from a year earlier. 

The performance exceeded market expectations, achieving one-point-five percent more than the estimated operating profit of ten-point-29 trillion won. 

It is the first time in seven quarters Samsung's quarterly figure has risen above ten trillion won since the third quarter of 2022.

Revenue marked 74-point-07 trillion won in the period, up 23-point-four percent from a year earlier, marking the second consecutive quarter the figure has topped 70 trillion won. 

The company posted a net profit of nine-point-84 trillion won, up 471 percent from a year earlier.