SK Hynix third-quarter profit sharply beats estimates on AI memory boost

AI chip giant SK hynix says quarterly operating profit soars 630%

Operating profit for the July-September period was 83.33 trillion won ($62.8 billion), the company said. The firm's July-September net profit jumped 215.7 percent from last year to 39.77 trillion won, while sales reached 104.61 trillion won. The memory chip giant said it had posted record revenue and operating profit for six straight quarters since the second quarter of last year. But the earnings fell behind market expectations. The average est…

SK Hynix posts 7-fold jump in Q3 profit, unveils shareholder return plan worth US$75 billion

Continued demand for AI infrastructure is driving up memory chip prices Read more at The Business Times.

SK hynix third-quarter operating profit jumps 632% on-year

The global race to build AI data centres has transformed the South Korean chip giant's fortunes despite concerns that the sector may be overvalued.

SK Hynix unveils shareholder return plan worth $75 billion after posting 7-fold jump in Q3 profit

SEOUL, Oct 28 : 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 prices.The Nvidia supplier also said it will pursue shareholder returns tot

SK hynix Announces 3Q26 Financial Results

Reports revenues of 104.6155 trillion won, operating profit of 83.3338 trillion won, net profit of 39.7756 trillion won; Quarterly sales surpass 100 trillion...