Samsung Electronics increased its group operating profit 73% from a year ago, hitting an all-time quarterly high of 14.07 trillion won ($12.6 billion) for the April-June period, the South Korean company said Thursday.
Samsung also said its net profit soared 89 percent year-on-year to reach 11 trillion won ($9.88 billion) - a trillion won higher than estimated by Yonhap Infomax.
For its other business segments, consumer electronics was down 1 percent in sales, and 68 percent in profit; while its display panel business saw its profit jump to 1.7 trillion won from 0.14 trillion won a year ago, and its sales increase 20 percent to 7.7 trillion won.
"The S8 has indeed helped get Samsung back onto its feet, hopefully putting the Note7 debacle behind it", Bryan Ma, a technology industry analyst at IDC, said before the announcement.
The tech firm's smartphone unit posted 30 trillion won in consolidated revenue and 4 trillion won in operating profit for the second quarter. All of Samsung's products performed exceptionally well with its smartphone and memory divisions leading the charge.
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- Corrected: An earlier version of this story incorrectly stated that Samsung had never previously posted a bigger quarterly profit than Apple.
The company has also seen lower sales of its mid-range phones but a refresh of its Galaxy J series should be able to renew demand in the sector.
There is room for optimism if the upcoming Galaxy Note 8 performs well following the recall of its predecessor previous year due to safety issues.
Peter Lee, an analyst at NH Investment Securities, said the biggest variable of Samsung's earnings for the latter half of the year will be the launch of Apple's new iPhone.
"Looking ahead to the third quarter, the company expects favourable semiconductor conditions to continue, although overall earnings may slightly decline quarter-on-quarter as earnings weaken for the display panel and mobile businesses", Asia's third most-valuable company by market value said in a statement.
The scandal has cast renewed light on the cosy ties traditionally enjoyed by the government and the family-controlled conglomerates known as "chaebols" that dominate the economy.