SK Hynix unveils US$75 billion shareholder return plan after posting record profit

SK hynix (000660) reported record Q3 results and a 100 trillion won shareholder return plan. The company projected semiconductor shortages through 2030, easing AI 'peak-out' concerns and boosting semiconductor stocks. SK hynix shares surged over 10%, with Samsung Electronics and SK Square also gaining. Analysts highlight improved demand visibility due to long-term agreements with major customers.

European stocks are expected to open lower Wednesday as investors await tech earnings and the Fed's rate decision. U.S. futures were mixed after a tech rally. SK Hynix reported a record high quarterly profit, beating expectations due to AI-driven demand.

SK hynix (000660.KS) reported Q3 2026 net income rose to KRW 39.53T from KRW 12.60T YoY, while operating income fell to KRW 83.33T from KRW 11.38T. Sales increased to KRW 104.62T from KRW 24.45T. Shares surged 9.77% to KRW 1,472,000.

Asian stocks rose Wednesday, driven by optimism around AI-related companies ahead of earnings reports from Alphabet and Amazon. SK Hynix reported a tripling of net profit and announced a $75 billion shareholder return, boosting its stock by 10% and supporting the Kospi index. Regional indexes also climbed, with gains in chip stocks and government bond yields rising ahead of the Fed's policy statement.

SK Hynix (SKHY) reported record Q3 profits, beating estimates with $78.86B revenue and $83.33B operating profit. Shares rose 8%. The company announced a $25B payout plan, including dividends and share buybacks, driven by gains from its Kioxia investment.

The KOSPI Composite Index rose 6.5% to 6,004.85, driven by gains in Samsung Electronics (up 8.78%) and SK Hynix (up 10.07%). SK Hynix announced a 100 trillion won shareholder return plan. Foreign investors and institutions were net buyers. The KOSDAQ also gained 3.15%. U.S. markets showed modest gains overnight.