South Korea · Japan · CNBC Technology
SK Hynix shares soar over 8% as profit tops, chipmaker to return $25 billion to investors
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South Korean chipmaker SK Hynix on Wednesday posted a record high quarterly profit, sharply beating estimates, and announced over $25 billion in dividends and buybacks, sending shares more than 8% higher.
Key facts
- The company also plans to raise its shareholder return target to more than 50% of cumulative free cash flow generated between 2025 and 2027, as it expects AI investment momentum to continue due
- South Korean chipmaker SK Hynix on Wednesday posted a record high quarterly profit, sharply beating estimates, and announced over $25 billion in dividends and buybacks, sending shares more than 8%
- The company has secured long-term agreements with 14 major customers covering more than 50% of its production capacity for 2027 and 2028, expecting memory demand to outpace supply through 2030
- SK Hynix shares rose more than 8%, outperforming the Kospi's 6.25% gain
Summary
Here are SK Hynix's third-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:. Operating profit: 83.33 trillion won vs. 76.72 trillion won expected. Revenue rose 327.9% from a year earlier, while operating profit climbed 632.1% year on year. Compared with the previous quarter, revenue climbed 31.9%, while operating profit surged 37.6%.