SK hynix’s 3Q26 Revenue Surpasses ₩100T as Operating Margin Hits Record 80% SK hynix reported revenue of ₩104.6155T in 3Q26, up 32% QoQ and 328% Yo...

What happened

SK hynix reported 3Q26 revenue of ₩104.6155T, up 32% QoQ and 328% YoY, marking the first time quarterly revenue exceeded ₩100T; operating profit reached ₩83.3338T, up 632% YoY, while operating margin climbed to a record 80%. The company attributed the strong performance primarily to high-value products including HBM, server DDR5, and enterprise SSDs (eSSDs). DRAM ASPs rose nearly 30% QoQ with bit shipments increasing by approximately 10%, while NAND Flash prices climbed by more than 20%. SK hynix noted AI infrastructure demand is expanding beyond a handful of major CSPs to mainstream enterprises and national-level initiatives, but advanced process complexity and lengthy fab construction timelines will constrain supply growth, and the company expects structural memory shortages to persist through 2030. DRAM: SK hynix began volume shipments of HBM4 in 3Q26 and expects the product to surpass HBM3E in both shipment volume and revenue in 4Q26, officially becoming its main HBM product; it also plans to bring its M15X fab to full capacity by year-end, and negotiations for HBM supply in 2027 have been completed. NAND Flash: sales of 321-layer TLC enterprise SSDs continue to expand, and the company plans to increase the share of 321-layer production to more than 50% of its domestic Korean capacity in 4Q26. SK hynix has signed long-term supply agreements with 14 key customers including major CSPs, with a standard contract term of five years and some customers negotiating extensions; these agreements have secured commitments covering more than 50% of the company's total capacity in both 2027 and 2028. The company also indicated that 2027 capital expenditure will increase substantially from 2026. TrendForce expects the DRAM market to potentially reach supply-demand balance in 2028 as additional supply gradually comes online.

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Source and time

Source: TrendForce Official (Market Data) · 10/27/2026 · View original source