SK hynix revenue hits record 104.6 trillion won in Q3

SK hynix (NASDAQ:SKHY) reported preliminary third-quarter 2026 revenue of 104.62 trillion won, up 328% year over year, as demand for higher-value memory products expanded.

Revenue increased 32% from the preceding quarter, while operating profit reached 83.33 trillion won, equivalent to an operating margin of 80%.

Net income totaled 39.78 trillion won, down 58% sequentially but up 216% year over year, while cash reached 114.5 trillion won and borrowings fell to 15.8 trillion won.

Elsewhere, the company's board approved a 20 trillion won share buyback and a third-quarter dividend of 20,000 won per share.

The company said long-term customer agreements cover more than 50% of production capacity for 2027 and 2028, and it expects HBM4 memory to surpass HBM3E in shipment volume and revenue during the fourth quarter.

SK hynix plans approximately 100 trillion won in shareholder returns for 2026 and expects to increase investment next year, with half of the approved buyback earmarked for cancellation and approximately half for employee compensation.