SK Hynix Reports Record Q3 Revenue and Profit as AI Memory Demand Outpaces Supply
SK Hynix announced third‑quarter revenue of 104.6 trillion won (about $78 billion) and operating profit of 83.3 trillion won (about $65.5 billion), a 328 % and 632 % increase YoY respectively, giving the company an 80 % operating margin. It is the first time the South Korean memory‑chip maker’s quarterly sales exceeded 100 trillion won. The company said that demand for DRAM and high‑bandwidth memory (HBM) will continue to outstrip supply through 2030, and that its DRAM and HBM volumes through 2029 are effectively sold out. Long‑term agreements with 14 key customers cover more than half of SK Hynix’s 2027 and 2028 production capacity, locking in future demand. CFO Kim Woo‑hyun noted that the drop in net income from the second quarter was largely due to non‑operating expenses, including an 11.6 trillion won currency loss and a 22.9 trillion won valuation loss on investments.