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SK hynix Q3 profit hits record on AI chip demand
SK hynix reported record third-quarter results, with operating profit of 83.33 trillion won ($62.8 billion) and revenue of 104.6 trillion won ($75.25 billion), up 632.1% and 327.9% year-on-year respectively, according to Yonhap and other outlets. The company attributed the surge to AI memory demand and higher product prices, achieving an operating margin of about 80%. It also announced a 100 trillion won shareholder return plan and a quarterly dividend of 20,000 won per share. Korean media highlight this as a sixth consecutive record quarter, with Yonhap noting SK hynix is countering "AI peak" concerns by saying half of its production capacity for the next two years is already contracted. The earnings boosted Seoul stocks, with the KOSPI opening sharply higher on revived AI optimism, Yonhap reports.
- SK hynix Logs Record-High Profit, Revenue in Q3
- SK hynix logs record Q3 operating profit of $62.8 bil.
- SK hynix Posts Record 104.6 Trillion Won in Quarterly Revenue, Unveiling 100 Trillion Won Shareholder Return Plan
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- [속보] SK하이닉스 3분기 영업익 83조…영업이익률 80%
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