SK Hynix Q3 profit rises more than sevenfold, beating forecasts

Summary

South Korean chipmaker SK Hynix reported third-quarter results on Wednesday, with profit rising more than sevenfold and beating forecasts, according to Investing.com. Bloomberg reported that the surge was stronger than expected and that the company unveiled an additional 2026 shareholder return program worth 100 trillion won ($75 billion), tied to relentless demand for AI hardware. CNBC reported that shares jumped 11% on Wednesday as the third-quarter profit sharply beat estimates. Seeking Alpha reported that AI memory and chip stocks gained after SK Hynix posted record profit.

Timeline

1. Investing.com

   27 Oct 2026, 23:54 UTCSource ↗

   Investing.com reports that SK Hynix's third-quarter profit jumped more than sevenfold and beat forecasts.

2. Bloomberg

   28 Oct 2026, 00:18 UTCSource ↗

   Bloomberg reports that SK Hynix posted a stronger-than-expected seven-fold surge in quarterly profit and unveiled an additional 2026 shareholder return program worth 100 trillion won ($75 billion), underscoring relentless demand for AI hardware.

3. CNBC

   28 Oct 2026, 06:56 UTCSource ↗

   CNBC reports that SK Hynix shares jumped 11% on Wednesday as third-quarter profit sharply beat estimates.

4. Seeking Alpha

   28 Oct 2026, 09:35 UTCSource ↗

   Seeking Alpha reports that AI memory and chip stocks gained after SK Hynix posted record profit.