SK Hynix Beats Q3 Estimates With 83.33 Trillion Won Profit, Unveils $25 Billion Payout
Updated
Updated · CNBC · Oct 28
SK Hynix Beats Q3 Estimates With 83.33 Trillion Won Profit, Unveils $25 Billion Payout
3 articles · Updated · CNBC · Oct 28
Summary
83.33 trillion won in operating profit and 104.62 trillion won in revenue gave SK Hynix record quarterly results, both well above LSEG SmartEstimates and marking its first quarter with sales above 100 trillion won.
AI-memory demand drove the surge: revenue jumped 327.9% year on year and 31.9% from the prior quarter, while operating profit rose 632.1% annually and 37.6% sequentially.
100 trillion won in planned shareholder returns includes at least 30 trillion won in cash dividends and 60 trillion won in buybacks and cancellations; the company also approved a 14 trillion won Q3 dividend and a 20 trillion won repurchase.
HBM4 is expected to overtake HBM3E in both shipments and revenue in the fourth quarter as SK Hynix ramps its M15X plant, with long-term deals from 14 major customers already covering more than half of 2027-2028 capacity.
Through 2030, SK Hynix expects memory demand to outstrip supply and plans to raise investment next year, even after Solidigm paused a review of pre-IPO fundraising and listing options last week.