Business · Companies · 49 mins ago
SK Hynix profit beats estimates as AI memory demand lifts results
SK Hynix reported third-quarter revenue of 104.62 trillion won for July to September, beating analyst estimates.
Its operating profit was 83.33 trillion won, also above forecasts.
Revenue rose 327.9% and operating profit climbed 632.1% from a year earlier.
The South Korean company makes high-bandwidth memory chips used by Nvidia, a key type of memory for advanced computing.
Demand for these chips has grown as technology companies spend more on AI data centers and processors.
The results show SK Hynix is benefiting from the AI infrastructure buildout.
Its U.S. subsidiary Solidigm has paused its review of fundraising and IPO options, while SK Hynix continues to assess investment and financing plans for its growth.
SK Hynix reported third-quarter operating profit of 83.33 trillion won, up 632.1% from a year earlier and above analyst estimates.
Revenue rose 327.9% to 104.62 trillion won, the company’s first quarter with revenue above 100 trillion won.
The company attributed the record results to strong demand and higher prices for advanced memory products used in AI and data centers.
It said it expects memory demand to exceed supply through 2030 and plans to expand production capacity and strengthen its products.
SK Hynix also announced an additional 60 trillion won in shareholder returns, bringing its planned total for the year to about 100 trillion won.
- Who
- SK Hynix, the South Korean chipmaker.
- What
- It reported record third-quarter operating profit and revenue, and announced additional shareholder returns.
- When
- The results were announced on October 28, 2026, for the July-to-September quarter.
- Where
- South Korea.
- Why
- Strong demand and higher prices for advanced memory products, including those used in AI infrastructure, boosted results.
This story does not have two clearly opposing sides.
SK Hynix announced a 40 trillion won share buyback and cancellation plan.
SK Hynix said its U.S. subsidiary Solidigm would stop reviewing possible pre-IPO fundraising and IPO options.
SK Hynix reported third-quarter operating profit of 83.33 trillion won and revenue of 104.62 trillion won.
SK Hynix announced an additional 60 trillion won in shareholder returns.
- Third-quarter operating profit
- 83.33 trillion won
- Third-quarter revenue
- 104.62 trillion won
- Year-on-year operating profit increase
- 632.1%
- Revenue milestone
- First quarter above 100 trillion won
- Expected memory supply shortage
- Through 2030
- Planned 2026 shareholder returns
- About 100 trillion won
11 sources
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What people are saying
AI memory demand increased and prices for key products rose, and thanks to our competitiveness in high-value products, we again recorded record quarterly revenue and operating profit.
As the technological difficulty of advanced processes increases and it takes a long time to build new production facilities, demand will continue to exceed supply through 2030.