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SK Hynix's profit soars 632% on strong AI-driven memory demand and long-term contracts.

Company Fundamentals
28 Oct 2026, 14:16 WIB
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Bullish
SK Hynix's profit soars 632% on strong AI-driven memory demand and long-term contracts.

SK Hynix reported a 632% jump in operating profit to about $62 billion, driven by strong AI-related demand and long-term agreements covering over half its 2027-2028 capacity. Revenue for a single quarter surpassed the previous year's total, with DRAM and NAND prices rising significantly. Despite a net income shortfall due to currency and investment losses, the company expects demand growth through 2029 and plans increased capital spending in 2027. SK Hynix shares rose sharply, reflecting optimism about sustained earnings and cash flow amid a memory market boom.

SK Hynix's market capitalization stands at $713.64 billion as of Oct 28, 2026, 18:21 WIB, reflecting strong investor interest following its profit surge. The stock price on Pluang is $156.80, up 7.81% in one day, while trading volume reached 24,765,993 shares. Despite a low dividend yield of 0.08%, the enterprise value is $663.18 billion, indicating substantial market valuation amid the memory market boom.

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