SK hynix (SKHY) Q3 2026 Earnings Review

Q3 2026 earnings recap

SK hynix reported record third-quarter sales and operating profit as AI memory demand lifted prices, while longer customer contracts strengthen its growth outlook.

• Revenue rose 328% from a year earlier to KRW 104.62 trillion, while operating profit of KRW 83.33 trillion beat the KRW 76.7 trillion analyst forecast.
• Net profit fell 58% from the previous quarter to KRW 39.78 trillion as currency and investment losses offset part of the operating gains.
• Signed agreements with 14 major customers cover more than half of 2027 and 2028 capacity, giving management better visibility into future demand.
• Management expects DRAM memory shipment volume to grow by the mid-20% range next quarter and plans about KRW 100 trillion of shareholder returns for 2026.
• The U.S. share price values the company at roughly five times trailing sales, leaving the outlook sensitive to memory prices and rising factory investment.
• The U.S. shares closed at $145.36 before the release, with $151–$157 the next resistance area and $135–$138 a recent support zone.

Watch whether the next-generation AI memory ramp sustains margins, because weaker chip prices or slower customer spending could challenge the expansion plans.