Key facts
- Operating profit soared 557.2% to 83.33 trillion won ($62.8 billion) in Q3.
- Revenue surged 327.9% to 104.61 trillion won in the July-September period.
- Net profit rose 215.7% to a record 39.77 trillion won.
- SK hynix plans to return an additional 60 trillion won to shareholders.
- The company suspended plans to list its U.S. subsidiary, Solidigm.
SK hynix Inc. reported record third-quarter operating profit and revenue, driven by strong demand for high-bandwidth memory (HBM) chips and other AI-related memory products. Operating profit soared 557.2% from a year earlier to 83.33 trillion won ($62.8 billion) in the July-September period, while revenue surged 327.9% on-year to 104.61 trillion won. The company stated it has achieved record quarterly revenue and operating profit for six consecutive quarters. Net profit also hit a record 39.77 trillion won, up 215.7% from a year earlier. SK hynix announced an additional plan to return 60 trillion won to shareholders, following the completion of a 40 trillion-won shareholder return program. The company also suspended plans to list its U.S. subsidiary, Solidigm, citing market conditions.