SK Hynix third-quarter profit sharply beats estimates on AI memory boost
The chipmaker said AI memory demand drove revenue 328% higher and operating profit 632% higher year on year.
- 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.
12 Articles
12 Articles
SK Hynix unveils shareholder return plan worth $75 billion after posting 7-fold jump in Q3 profit
SEOUL, Oct 28 (Reuters) - South Korean chipmaker SK Hynix reported a more than seven-fold rise in quarterly operating profit to a record high on Wednesday, beating market forecasts, as continued demand for AI infrastructure drove up memory chip pr...
SK Hynix Profit Jumps Seven-Fold to Soothe Doubts Over AI Rush
SK Hynix Inc. posted a stronger-than-expected seven-fold surge in quarterly profit and unveiled an additional shareholder return program for 2026 worth 100 trillion won ($75 billion), underscoring relentless demand for AI hardware.
SK Hynix recorded its highest-ever performance in the third quarter of this year (July–September, consolidated basis), posting an operating profit exceeding 83 trillion won. This is an "earnings surprise" that surpassed heightened market expectations. SK Hynix's revenue for the third quarter was 104.6155 trillion won, up 31.9% from the same period last year.
SK hynix logs record Q3 operating profit of $62.8 bil.
SK hynix on Wednesday reported 83.33 trillion won ($62.8 billion) in third-quarter operating profit, setting a new quarterly earnings record. The company said in a regulatory filing that its revenue and operating profit for the July-September period stood at 104.6 trillion won and 83.33 trillion won, respectively. Revenue grew 328 percent year-on-year, while operating profit surged 632 percent. It was the first time that the company's quarterly …
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