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In its Q3 2026 financial report, SK Hynix expects the memory chip shortage to last at least until 2030. The company said AI data center projects continue to put pressure on production capacity, supply cannot keep up with market growth, and the situation of demand exceeding supply will continue through 2030, and it plans to accelerate the construction and expansion of plants in its home country and the United States. The financial report shows that SK Hynix's revenue for the quarter was 104.6155 trillion won, surpassing 100 trillion won for the first time, with operating profit of 83.3338 trillion won and net profit of 39.7756 trillion won; revenue and operating profit grew 32% and 38% quarter-on-quarter, respectively. Growth mainly came from server DDR5 memory sales, with HBM4 shipments just beginning. According to a separate report by The Beijing News, SK Hynix announced on the same day a shareholder return plan of about 100 trillion won for fiscal year 2026, and said long-term supply agreements already cover more than 50% of total production capacity for 2027 and 2028.
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AI Data Centers Snap Up Flash Memory, Apple's Flash Suppliers Finally Get "Revenge"Developments
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Oct 31
MacRumors Apple Intelligence
AI Data Centers Snap Up Flash Memory, Apple's Flash Suppliers Finally Get "Revenge"
The Wall Street Journal reports that AI companies building large data centers have driven up demand for flash memory and memory, causing a severe storage chip shortage, and flash memory suppliers that Apple had suppressed over the past year are finally getting "revenge." Apple has raised prices this year on more than ten products, including the iPhone, iPad, Mac, HomePod, and Apple TV, attributing the increases to the memory chip shortage. TechInsights estimates that the gross margin on upgrading the iPhone 18 Pro from 256GB to 512GB is $134, lower than the $185 for the equivalent upgrade on last year's iPhone 17 Pro; SK Hynix expects the shortage to last until 2030.
Oct 30
The Beijing News
SK Hynix's Third-Quarter Revenue Exceeds 1 Trillion Won for the First Time, and It Announces a Shareholder Return Plan of About 1 Trillion Won
On October 28, SK Hynix released its financial report for the third quarter of fiscal year 2026, with revenue of 104.6155 trillion won, exceeding 1 trillion won for the first time, operating profit of 83.3338 trillion won, up 632% year on year, and an operating margin of 80%. On the same day, the company announced a shareholder return plan of about 1 trillion won for fiscal year 2026, including more than 30 trillion won in cash dividends and more than 60 trillion won in share buybacks and cancellation. The company plans to expand HBM4 production before the end of the year and said that long-term supply agreements have already covered more than 50% of total capacity for 2027 and 2028.
Caixin
T Morning Brief | Google and Amazon Plunge After Q3 Earnings; Zhiyuan H1 Revenue Nearly 2 Billion Yuan; SK Hynix and Moore Threads Q3 Revenue Surge
SK Hynix's quarterly revenue exceeded 100 trillion won for the first time in Q3, with operating profit up more than sixfold year-on-year, and it locked in over half of its 2027-2028 capacity through long-term contracts; domestic GPU maker Moore Threads posted Q3 revenue of 1.552 billion yuan, up 1,773.92% year-on-year, with net profit attributable to shareholders of 49.2604 million yuan, turning profitable year-on-year. Google's parent company saw its stock plunge 12% on the first trading day after releasing earnings, wiping out nearly $490 billion in market value.
TechSpot
SK Hynix expects memory chip shortage to last at least until 2030
SK Hynix released its Q3 2026 earnings report, with revenue of 104.6155 trillion won (about $78 billion), operating profit of 83.3338 trillion won (about $63 billion), and net profit of 39.7756 trillion won (about $30 billion). Revenue and operating profit grew 32% and 38% quarter-over-quarter, respectively, and quarterly revenue exceeded 100 trillion won for the first time. Growth came mainly from server DDR5 memory sales, while HBM4 shipments have only just begun. The company said AI data center projects continue to put pressure on capacity, supply cannot keep up with market growth, and it expects demand to exceed supply through 2030, and plans to accelerate factory construction and capacity expansion in its home country and the United States.