SK Hynix's Q3 profit rises more than sevenfold, beating forecasts
SK Hynix's third-quarter operating profit rose more than sevenfold to a record, beating market forecasts on strong AI-driven memory chip demand, Reuters reported.
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what happened
Chipmaker SK Hynix, a supplier to Nvidia, said on Wednesday that its operating profit for the third quarter rose more than sevenfold to a record, according to Reuters. The result beat market expectations as strong demand for AI data-center hardware pushed up prices of memory chips.
The company posted operating profit of 83.3 trillion won ($62.8 billion) for July to September, up from 11.4 trillion won a year earlier. LSEG's SmartEstimate, which gives more weight to analysts with a steadier forecasting record, had pointed to 76.7 trillion won. Revenue climbed 328% to 104.6 trillion won. The exchange rate used was $1 = 1,326.09 won.
why it matters
Because SK Hynix supplies Nvidia, its numbers are often read as a gauge of demand for AI accelerators. Investors will watch whether memory pricing holds up, since it drives margins across the sector and sentiment in South Korea's stock market.
market impact
SK Hynix shares and memory chip makers: record profit and AI demand support the sector
- SK Hynix shares pressure up — profit above forecasts supports the stock price
- memory chip prices pressure up — AI infrastructure demand keeps lifting memory prices
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instruments
sources
- SK Hynix Q3 profit jumps more than 7-fold, beats forecasts — Reuters, 27 October 2026 at 23:50 UTC
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