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SK hynix Q3 revenue soars 328% on AI-driven high-bandwidth memory demand, trades at low forward P/E of 4.1x.

Company Fundamentals
28 Oct 2026, 15:45 WIB
Seeking Alpha
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Bullish
SK hynix Q3 revenue soars 328% on AI-driven high-bandwidth memory demand, trades at low forward P/E of 4.1x.

SK hynix reported a record Q3 revenue of $78.9 billion, up 328% year-over-year, driven by strong demand for high-bandwidth memory (HBM) used in AI infrastructure. The company has secured HBM supply contracts through 2029, supporting pricing power amid limited supply. Despite missing GAAP earnings estimates, SK hynix trades at a low forward P/E of 4.1x, below peers, suggesting potential for stock re-rating as AI demand grows. Risks include a possible slowdown in AI capital expenditure and high employee costs, but SK hynix's dominant 50% market share in HBM and long-term contracts underpin a bullish outlook.

SK Hynix shares rose 7.02% on Pluang as of Oct 28, 2026, 20:03 WIB, reflecting strong investor interest. The stock trades at USD 155.65, well within its 52-week range of USD 126.79 to USD 198.63. Despite a high market cap of $713.64 billion, the typical hold time on Pluang is relatively short at 16 days, indicating active trading.

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