GoKawiilSK Hynix Q3 operating profit jumps 632% on AI memory demand
SK Hynix reported third-quarter revenue of 104.62 trillion won and operating profit of 83.33 trillion won, both well above analyst estimates compiled by LSEG. Revenue grew 327.9% and operating profit 632.1% from a year earlier, driven largely by sales of high-bandwidth memory chips used in AI systems. The results follow an August announcement of a 40 trillion won share buyback and cancellation plan alongside a higher shareholder return target.
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The scale of the beat underscores how central memory chipmakers like SK Hynix have become to the AI buildout, as data center operators keep buying advanced HBM chips supplied to customers such as Nvidia. The decision to pause Solidigm's IPO review, attributed by the company to market volatility, suggests SK Hynix may be prioritizing capital flexibility over near-term fundraising while it weighs future investment needs.
- Q3 revenue of 104.62 trillion won and operating profit of 83.33 trillion won both beat LSEG SmartEstimates.
- Operating profit rose 632.1% year on year, fueled by AI-driven demand for high-bandwidth memory chips.
- SK Hynix paused its Solidigm subsidiary's pre-IPO and IPO review, citing market volatility.
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Published there as: “SK Hynix third-quarter profit sharply beats estimates on AI memory boost”
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