SK Hynix delivers record Q3 results as AI memory demand lifts profits

what happened

SK Hynix, the South Korean chipmaker, announced record quarterly revenue and operating profit that came in above market forecasts. TradingView reported that rising demand for AI data-center hardware pushed up prices for memory chips.

Operating profit in the July-September quarter climbed 632.1% year on year to 83.33 trillion won ($62.8 billion), ahead of the 76.72 trillion won LSEG SmartEstimate. Revenue rose 327.9% to 104.62 trillion won ($78.86 billion), versus analyst expectations of 98.34 trillion won, and quarterly sales topped 100 trillion won for the first time. Net profit grew 215.7% to 39.78 trillion won.

Compared with the previous quarter, revenue increased 31.9% and operating profit rose 37.6%. The main engine was high-bandwidth memory (HBM) and other memory products that the company supplies for AI infrastructure, including to Nvidia.

why it matters

The report suggests demand for AI-related memory remains robust and that chip prices are still climbing. For investors in semiconductors, the key question is how durable this momentum will be after a record quarter.

market impact

SK Hynix shares and memory chip market: strong AI chip demand supports the stock

• ▲SK Hynix shares pressure up — results beat estimates and show strong demand for AI memory
• ▲Memory chip prices pressure up — continued AI infrastructure build-out keeps pushing memory prices higher

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