SK Hynix reported third-quarter revenue of 104.62 trillion won, crossing the 100 trillion won mark for the first time. Operating profit reached 83.33 trillion won, setting a new company record, while net profit came in at 39.78 trillion won. Net cash rose to 98.7 trillion won.
The quarter was shaped by a steep rebound in memory pricing. Standard DRAM1. dynamic random access memoryMemory technology or system for temporarily or permanently storing digital information.2. dynamic random-access memoryDRAM is a volatile memory technology prices moved from roughly 20 to 30 cents per Gb to $2 per Gb, with expectations that HBM4 could reach $4 per Gb per Gb. The pricing gains were described as the main force behind the expansion of the global DRAM1. dynamic random access memoryMemory technology or system for temporarily or permanently storing digital information.2. dynamic random-access memoryDRAM is a volatile memory technology market to $200 billion.
Concerns about HBM4 supply to Nvidia were also described as largely resolved by October. At the same time, the market is seeing long-term demand from AIartificial intelligence applications extend beyond data centers into enterprise computing, robotics, and autonomous vehicles.
SK Hynix said it expects a structural memory shortage to persist through 2030, citing the complexity of 10 nm-class sixth-generation DRAM1. dynamic random access memoryMemory technology or system for temporarily or permanently storing digital information.2. dynamic random-access memoryDRAM is a volatile memory technology and 321-layer NANDNot ANDA logic gate that outputs 0 when all inputs are 1, and outputs 1 in all other cases production. To secure future revenue, the company has signed long-term agreements with 14 technology giants that cover more than half of its capacity for 2027 and 2028.
The company also ended its review of a potential U.S. IPOinitial public offeringFirst public sale of a company's shares on a stock exchange. for Solidigm, its flash memory and SSD1. Solid State Drivenon-volatile electronic storage medium, usually a hard disk drive in computers2. Solid-State DriveA non-volatile storage device used in the rack demo to hold full KV caches. subsidiary. Management said the capital markets environment and related factors made the transaction unattractive at this stage.
Separately, SK Hynix expanded its fiscal 2026 shareholder return program to 100 trillion won, including more than 30 trillion won in cash dividends and over 60 trillion won in buybacks. The plan is supported by investment gains from Kioxia.
Risks remain around cloud spending, with a possible pullback in order volumes cited as the most serious threat. Even so, SK Hynix said it expects to maintain its lead through proprietary packaging and customer partnerships.