SK Hynix third-quarter profit sharply beats estimates on AI memory boost
AI-driven memory demand pushed operating profit up more than sevenfold and revenue above 100 trillion won, beating market forecasts.
- On Wednesday, South Korean chipmaker SK Hynix reported record third-quarter results, with operating profit hitting 83.33 trillion won and revenue reaching 104.6 trillion won.
- Surging demand for high-bandwidth memory, or HBM, chips used by Nvidia drove these gains as global technology companies ramped up spending on data centers and advanced processors.
- Performance significantly exceeded LSEG SmartEstimates, with revenue rising 327.9% and operating profit climbing 632.1% year-on-year, marking the first time quarterly sales surpassed 100 trillion won.
- The company's U.S. subsidiary Solidigm halted its review of pre-IPO fundraising and IPO options last week, citing market volatility and share price trends.
- SK Hynix continues its August plan to repurchase 40 trillion won in shares while maintaining a shareholder return target of more than 50% of cumulative free cash flow through 2027.
122 Articles
122 Articles
SK Hynix profit jumps 632% to a record on demand for AI memory
SK Hynix reported record third-quarter results on Wednesday, 28 October. Operating profit rose 632% from a year earlier to 83.3 trillion won (about $62bn). Revenue rose 328% to 104.6 trillion won, it said in its earnings release. It is the first time the South Korean memory maker’s quarterly sales have passed 100 trillion won. Its […] This story continues at The Next Web
SK Hynix rolls out $75B shareholder return plan
SEOUL — South Korean chipmaker SK Hynix said on Wednesday it would return about $75 billion to shareholders this year, after reporting a more than sevenfold jump in quarterly profit as artificial intelligence (AI) infrastructure demand continues to drive up memory chip prices.
SK Hynix ADR Surges as Q3 Revenue Tops KRW 100 Trillion
SK hynix (NASDAQ: SKHY) shares surged more than 8% to $157.88 in Wednesday's premarket trading after the South Korean chipmaker reported record third-quarter earnings, with quarterly revenue exceeding KRW 100 trillion for the first time in its history. The company reported third-quarter 2026 revenue of KRW 104.62 trillion, up 328% year over year, while operating profit jumped 632% to KRW 83.33 trillion.Visit Website
SK Hynix’s Profit Jumped 632% as AI Eats the World’s Memory
SK hynix just posted the kind of numbers that make investors question everything they thought they knew about commodity chip stocks, but the real story lives in what the CEO said about demand through 2029 and why net income badly missed estimates despite a historic quarter.
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