SK Hynix reported third quarter revenue of 104.62 trillion won, up 327.9 percent from a year earlier and above the 98.34 trillion won expected, with operating profit of 83.33 trillion won, up 632.1 percent year on year and above the 76.72 trillion won expected, as sales passed 100 trillion won in a quarter for the first time. The company expects HBM4 to overtake HBM3E in shipments and revenue in the fourth quarter, said it has secured long term agreements with 14 major customers covering more than half of its 2027 and 2028 production capacity, and expects memory demand to outpace supply through 2030. It also approved a third quarter dividend of 14 trillion won, including a special dividend funded by gains on its Kioxia stake, within a plan to return about 100 trillion won to shareholders through dividends, buybacks and cancellations.
SK Hynix posts record profit as AI memory demand surges
SK Hynix reported record third quarter revenue of 104.62 trillion won and operating profit of 83.33 trillion won, both well above estimates, as AI memory demand pushed sales past 100 trillion won for the first time.
Why it matters: SK Hynix is the lead supplier of high bandwidth memory for AI processors, and a beat of this size, with demand expected to outpace supply through 2030, is a direct read on how hard the AI buildout is still running.
Data as of SK Hynix third quarter 2026 results released October 28, 2026 Korea time, as reported by CNBC on October 27, 2026 and read in full in this run via the live browser after a direct fetch was blocked; estimates are LSEG SmartEstimates as cited by CNBC, and the more than sevenfold profit rise is corroborated by Investing.com. Company reported figures. Developing item.
Sources
- SK Hynix third-quarter profit sharply beats estimates on AI memory boost - CNBC - 2026-10-27
- SK Hynix Q3 profit jumps more than 7-fold, beats forecasts - Investing.com - 2026-10-27