South Korea · Decrypt
Revenue rose 328% from a year earlier and operating profit rose 632%, for an operating margin of 80%
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Net income came in at 39.8 trillion won, up 216% from a year ago but down 58% from the second quarter.
Key facts
- SK Hynix reported record third-quarter results on Wednesday, with revenue of 104.6 trillion won (almost $78 billion) and operating profit of 83.3 trillion won ($65.5 billion), according — It was the first time the South Korean memory chip maker’s quarterly sales topped 100 trillion won ($74.5 billion)
- Net income came in at 39.8 trillion won, up 216% from a year ago but down 58% from the second quarter
- SK Hynix told investors that demand for memory will keep outrunning supply through 2030, and that its DRAM and HBM volumes through 2029 are effectively sold out
Summary
SK Hynix reported third-quarter revenue of 104.6 trillion won, up 328% from a year earlier, and operating profit of 83.3 trillion won, up 632%, for an 80% operating margin. The company expects memory demand to exceed supply through 2030 and says its DRAM and HBM volumes through 2029 are effectively sold out. Long-term agreements with 14 key customers cover more than 50% of SK Hynix's 2027 and 2028 production capacity. SK Hynix reported record third-quarter results on Wednesday, with revenue of 104.6 trillion won (almost $78 billion) and operating profit of 83.3 trillion won ($65.5 billion), according to its earnings release. It was the first time the South Korean memory chip maker’s quarterly sales topped 100 trillion won ($74.5 billion).