SK hynix Inc. announced 3Q26 financial results, recording 104.6155 trillion won in revenue, 83.3338 trillion won operating profit (80% margin) and 39.7756 trillion won net profit (38% margin). Revenue exceeded 100 trillion won for the first time in company history, up 32% from the previous quarter. Operating profit rose 38% quarter-over-quarter.
DRAM growth was driven by server DDR5 sales, while HBM4 shipments began in earnest. NAND sales expanded with 321-layer TLC SSDs for data centers. Cash and cash equivalents increased to 114.5 trillion won, up 26.5 trillion won quarter-over-quarter, while borrowings decreased to 15.8 trillion won, resulting in net cash of 98.7 trillion won.
SK hynix projected the memory market will sustain growth, led by enterprise and personal AI in the short term, and physical AI such as autonomous driving over the mid-to-long term. The company assessed that supply will not keep pace with demand through 2030 due to technical difficulties and long lead times for new facilities. The company plans to accelerate production capacity expansion and product competitiveness to sustain growth.
It aims to rapidly increase 10 nm-class 6th generation process technology and expand DDR5 and LPDDR5 SOCAMM sales for AI servers. To respond to surging HBM demand, the company will ramp up M15X to maximum capacity by year-end to increase HBM4 production, expecting HBM4 to surpass HBM3E in shipment volume and revenue in Q4. In NAND, the company will raise the ratio of 321-layer process to more than half of domestic capacity in Q4.
Long-term agreements secured for more than 50% of 2027~2028 production capacity.
Source: TechPowerUp News · Summarized by HeadlinesBriefing