The South Korean tech giant reported an operating profit of 14 trillion won ($12bn; £9.3bn) in the three months to June, up 72% on a year earlier.
Sales climbed 18% to 60 trillion won, buoyed by strong sales of smartphones including the new flagship Galaxy S8.
Analysts say the results indicate Samsung has recovered from the disastrous Galaxy Note 7 recall.
That handset was axed after a battery fault led to some devices catching fire.
Also on Friday, Samsung launched a new phone in South Korea using parts from the Note 7 to "minimise the environmental impact" of its high-profile flop.
Some research firms predict that Samsung is set to overtake Intel as the world's biggest chipmaker by sales this year.
It has benefitted from both rising demand and prices for semiconductors, or memory chips, which are used in smartphones and computers.
The Note 7 debacle damaged Samsung's reputation and caused it to lose its position as the world's biggest smartphone maker in the first quarter.
Rivals such as Apple and China's Huawei, Xiaomi and Oppo gained market share following the recall.
Samsung has also seen its image dented by the arrest and ongoing trial of de-facto chief Jay Y. Lee over a political bribery scandal. Mr Lee denies the charges.
Vivo sub-brand iQOO has launched the company’s latest 5G smartphone- iQOO Z1x 5G in China on July 9, 2020.
Honor has just launched the Honor 9A smartphone for the global markets and the price starts from €149.90 (US$ 169.6 / Rs. 12,810). Read on to know more.
Honor has just confirmed the launch date of the company's next new 5G smartphone- Honor X10 Max on Weibo.
Realme is all set to launch its new Realme C11 smartphone with MediaTek Helio G35 SoC in Malaysia.
Realme has launched its new Nazro series smartphone- Realme Nazro 10A alongside the Realme Narzo 10 in India. The Next sale of Realme Nazro 10A will be held on June 23 via Flipkart and the Realme India website.
Vivo has just launched the company's latest smartphone Vivo V19 in India as expected.
Realme has launched the company’s latest Nazro series smartphones- Realme Nazro 10 and Nazro 10A in India.
Here is the first look of LG's new entry-level/midrange smartphone - LG Stylo 6 which was shared by reliable leakster Evan Blass.
Xiaomi India has just unveiled it's latest flagship killer- Xiaomi Mi 10 5G smartphone in India.
After several teasers and rumors, LG has finally unveiled the company's latest 5G smartphone- LG Velvet on May 7 in South Korea. The company has also revealed the pricing and availability details of the phone.