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SK Hynix just posted a record quarterly profit, and AI memory is the reason. 🟢💾
On October 28, 2026, the Nvidia supplier reported record third-quarter operating profit of 83.3 trillion won, more than seven times the 11.4 trillion won of a year earlier, according to the company and Reuters. Revenue jumped 328% to 104.6 trillion won, and the operating margin was about 80%, the company said. (Net profit was 39.8 trillion won, down from the previous quarter, per SK hynix.)
Reuters says continued demand for AI infrastructure drove up memory chip prices, and SK Hynix reiterated that it expects demand to exceed supply through 2030. The Korea Herald reports sales of HBM4 and server DDR5 helped drive earnings.
SK Hynix also plans shareholder returns of about 100 trillion won (about $75 billion) for 2026: cash dividends of 30 trillion won or more, plus share buybacks and cancellations of 60 trillion won or more, including the 40 trillion won announced in August (SK hynix, Reuters, Korea Herald).
The catch for buyers: on October 12, Reuters reported Counterpoint Research estimates that global smartphone shipments fell 20% year on year to their lowest third-quarter level since 2012, as soaring memory chip costs and supply shortages pushed up prices.
Would you pay more for your next phone? Tell me in the comments 👇
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Sources:
SK hynix: https://news.skhynix.com/en/q3-2026-business-results/
Reuters (via Moneycontrol): https://www.moneycontrol.com/news/business/earnings/sk-hynix-q3-profit-jumps-sevenfold-to-record-high-nvidia-supplier-unveils-75-billion-shareholder-return-plan-14061687.html/amp
The Korea Herald: https://www.koreaherald.com/article/10917003
Reuters (via Euronext): https://live.euronext.com/en/financial-news/global-smartphone-shipments-record-worst-third-quarter-14-years-amid-memory-shortage
The Business Times: https://www.businesstimes.com.sg/international/global/global-smartphone-shipments-record-worst-third-quarter-14-years-amid-memory-shortage
Visuals and voice are AI-generated. Charts, chip stacks and the phone are illustrations; the price-trend line is illustrative, not real price data. Not investment advice.
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