SK Hynix shares soar over 10 % as profit beats, chipmaker to return $25 billion to investors — SkimNews
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- SK Hynix posted Q3 revenue of 104.62 trillion won and operating profit of 83.33 trillion won, sharply beating LSEG SmartEstimates and marking the first time sales exceeded 100 trillion won.
- SK Hynix will return approximately 100 trillion won to shareholders, including at least 30 trillion won in cash dividends and 60 trillion won in share buybacks and cancellations, starting with a 14 trillion won Q3 dividend.
- SK Hynix boosted production of HBM4 memory at its M15X facility, expecting it to surpass HBM3E in shipments and revenue in Q4 as demand for AI-driven memory surges.
- SK Hynix secured long-term agreements with 14 major customers covering over 50% of its 2027–2028 production capacity, anticipating sustained supply-demand imbalance in the memory market through 2030.
- Kwak Noh-Jung halted review of an IPO for U.S. subsidiary Solidigm, citing financial market volatility and concluding the move would not deliver expected benefits at this time.
- Mehdi Hosseini of Susquehanna International Group maintained a neutral rating on SK Hynix, preferring Micron and Samsung due to broader memory diversification and foundry exposure.
Why it matters: SK Hynix’s $25 billion capital return and record profit reflect the outsized gains from AI-driven memory demand, but the decision to pause Solidigm’s IPO signals caution amid market volatility—highlighting that even top performers are adjusting strategy despite strong fundamentals.
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