SK Hynix Q3 profit jumps more than 7-fold, beats forecasts

SK hynix reported record quarterly revenue of 104.62 trillion won ($75.25 billion) and operating profit of 83.33 trillion won, driven by AI semiconductor demand. The company announced a 100 trillion won shareholder return plan, including dividends and share repurchases. AI memory products, particularly HBM4 and DDR5, were key growth drivers. SK hynix expects strong demand through 2030 and plans to increase capital expenditure.

The Kospi index rose 3.23% to 5,820.18, driven by gains in Samsung Electronics and SK Hynix. SK Hynix reported a 632.1% increase in Q3 operating profit and announced a 100 trillion won shareholder return plan. Samsung Electronics gained 3.15%. Investors cited US chip stock strength and easing Middle East tensions as supportive factors.

SK Hynix reported a record Q3 operating profit, exceeding forecasts. Samsung and SK Hynix plan over $158B in shareholder returns. SK Hynix abandoned Solidigm's Nasdaq IPO due to shareholder concerns. The company expects AI compute needs to rise 20-fold by 2030.

SK Hynix reported a 79.7% operating margin for Q3, with operating profit up 632.1% YoY to 83.3333 trillion won. Revenue rose 327.9% to 104.6155 trillion won. The company attributed the gains to increased demand for AI chips and higher memory prices, including HBM and commodity memory. SK Hynix expects the memory shortage to persist through 2030 and plans a 100 trillion won shareholder return for 2026.

SK Hynix reported a 7-fold increase in Q3 operating profit to 83.3 trillion won, exceeding forecasts. The company plans $75.4B in shareholder returns, including dividends and repurchases. It expects demand to outpace supply through 2030 and has secured LTAs covering over 50% of 2027-2028 production capacity. Revenue rose 328% to 104.6 trillion won.

SK Hynix announced an additional KRW 60 trillion shareholder return plan, including dividends and buybacks, for a total of KRW 100 trillion in 2023. The company completed a KRW 40 trillion buyback and will pay a third-quarter dividend of KRW 20,000 per share, including a special dividend from Kioxia gains.