AI computing power demand boosts performance: SK Hynix's Q3 revenue exceeds 100 trillion won for the first time

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2026-10-29 15:23:31 Source: Caixin.com Author: Ge Haoyue Editor: Guan Cong

By Caixin Ge Haoyue (Trainee)

October 29, 2026 15:23

On October 28, 2026 local time, in Seoul, South Korea, market display screens in the Hana Bank trading room in Jung-gu show index quotes including Samsung Electronics and SK Hynix. Image: Visual China

Related reports: Hygon Information and Cambricon post strong third-quarter results but fail to lift share prices; SK Hynix's second-quarter profit rose 557% year on year yet still disappointed the market, and the semiconductor sector struggles to halt its decline; [Business Circle] SK Hynix's Chey Tae-won: Building a trillion-dollar AI memory empire from the ruins; Strong demand from memory and AI chipmakers prompts lithography giant ASML to raise its sales forecast again

[Caixin.com] AI computing demand is translating into chipmakers' earnings. In the third quarter, South Korean memory giant SK Hynix (KRX:000660; NASDAQ:SKHY) saw its quarterly revenue exceed 100 trillion won for the first time, with operating profit up more than sixfold year on year, and locked in more than half of its capacity for 2027 to 2028 in advance through long-term contracts.

On October 28 local time, Hynix released its third-quarter 2026 results: revenue of 104.6 trillion won, up 328% year on year and 32% quarter on quarter; operating profit of 83.33 trillion won, up 632% year on year, with an operating margin of 80%; net profit of 39.78 trillion won, up 216% year on year but down 58% from the second quarter.

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