SK hynix Announces 3Q26 Financial Results

What happened

On October 28, 2026, SK hynix announced its third-quarter 2026 results: Q3 revenues of 104.6155 trillion won, operating profit of 83.3338 trillion won (80% operating margin) and net profit of 39.7756 trillion won (38% net margin), all-time-high quarterly results in both revenue and operating profit, with quarterly revenue surpassing 100 trillion won for the first time; revenue and operating profit rose 32% and 38% from the previous quarter, respectively (Q2 2026: revenue of 79.3187 trillion won, operating profit of 60.5426 trillion won), revenue up 328% year-over-year (3Q25: 24,448.9 billion KRW), operating profit up 632% YoY, and net income down 58% QoQ and up 216% YoY. The company attributed the results to rising prices of key products on growing demand for AI memory and expanded sales of HBM4 and high-value-added server products. It expects HBM4 to surpass HBM3E in both shipment volume and revenue in the fourth quarter and become a mainstream product (a forecast, not an actual result), and projects that the structure in which demand exceeds supply will persist through 2030 (company projection). The company plans to ramp up M15X to maximum capacity by the end of the year to increase HBM4 production and to raise the ratio of its 321-layer process to more than half of its domestic production capacity in the fourth quarter; it has signed LTAs with 14 major customers including leading global cloud service providers, with secured LTA volume corresponding to more than 50% of total production capacity for 2027 and 2028. The company announced shareholder returns totaling approximately 100 trillion won for fiscal year 2026 (comprising cash dividends of 30 trillion won or more and share repurchases and cancellations of 60 trillion won or more, including the 40 trillion won announced in August, which was completed last week); the Board resolved on a third-quarter cash dividend of 14 trillion won and a 20 trillion won share repurchase, with a quarterly dividend of 20,000 won per share (a 10,000-won dividend on improved earnings and a 10,000-won special dividend sharing Kioxia investment gains), and investment is expected to increase significantly next year with Yongin Phase 1 entering full-scale operation.

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Source and time

Source: SK Hynix Newsroom · 10/27/2026 · View original source