SK hynix (NASDAQ: $SKHY) Jumps 8% as Record Q3 Revenue Tops KRW 100 Trillion.
SK hynix shares jumped more than 8% in Wednesday’s premarket trading after the South Korean chipmaker reported record third-quarter revenue of KRW 104.62 trillion, up 328% from a year earlier. Operating profit rose 632% to KRW 83.33 trillion, while its operating margin hit a record 80%. Both results beat analyst estimates.
The company credited strong demand for AI-related memory chips and rising memory prices for its growth. SK hynix also began mass production and shipments of its next-generation HBM4 memory. In addition, it plans to return approximately KRW 100 trillion to shareholders through dividends and share buybacks for fiscal 2026.
#Crypto
SK hynix shares jumped more than 8% in Wednesday’s premarket trading after the South Korean chipmaker reported record third-quarter revenue of KRW 104.62 trillion, up 328% from a year earlier. Operating profit rose 632% to KRW 83.33 trillion, while its operating margin hit a record 80%. Both results beat analyst estimates.
The company credited strong demand for AI-related memory chips and rising memory prices for its growth. SK hynix also began mass production and shipments of its next-generation HBM4 memory. In addition, it plans to return approximately KRW 100 trillion to shareholders through dividends and share buybacks for fiscal 2026.
#Crypto