Analysts polled by LSEG expect an operating profit of $1.7 billion for the September quarter, a 78.7 per cent year-on-year decline. Revenue is expected to fall by 11.6 per cent, according to LSEG consensus forecasts.

According to analyst forecasts, Samsung's semiconductor business is expected to post a more than 3 trillion won loss for the third quarter as it faces headwinds and other nautical similes.

Memory chip prices have fallen dramatically this year due to a glut caused by oversupply and low demand for end products like smartphones and laptops. This has hit Samsung's profits hard. In its last earnings reports in July, the company predicted a pick-up in chip demand in the second half of the year, although this appears to be playing out slower than many had hoped.

The tech giant has cut production to help shore up prices, though the effect is not likely to be seen in the third-quarter results.