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SK Hynix Q3 operating profit soars 632% on booming AI chip demand, beating estimates.

Company Fundamentals
28 Oct 2026, 02:34 WIB
CNBC
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Bullish
SK Hynix Q3 operating profit soars 632% on booming AI chip demand, beating estimates.

SK Hynix reported a sharp rise in its third-quarter results, with operating profit surging 632.1% year-over-year to 83.33 trillion won, surpassing analyst expectations. Revenue also jumped 327.9% to 104.62 trillion won, driven by strong demand for high-bandwidth memory chips used in AI infrastructure. The company plans to return over 50% of free cash flow to shareholders between 2025 and 2027 and is reassessing investment timing for its U.S. subsidiary Solidigm amid market volatility. This performance highlights SK Hynix's key role in the growing AI and data center markets.

SK Hynix shares on Pluang have risen 4.82% to USD 149.49 as of Oct 28, 2026 06:51 WIB, reflecting strong investor interest following the company’s impressive third-quarter profit surge. The stock’s market cap stands at $678.17 billion, with a 52-week range between $126.79 and $198.63. Despite the recent gains, Pluang order activity shows a majority of 71% Sell orders, indicating some cautious sentiment among traders.

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