SK Hynix Inc. American Depositary Shares Q3 2026 Earnings Recap

SK hynix shares rose 15.5% after the company reported record third-quarter revenue and operating profit, with revenue up 32% quarter-on-quarter and operating margin reaching 80%. The report also showed sharply higher nonoperating losses and a slight decline in NAND bit shipments.

Key Takeaways

• Revenue reached KRW 104.6 trillion, up 32% quarter-on-quarter and 328% year-on-year, the first quarter above KRW 100 trillion.
• Operating profit rose 38% quarter-on-quarter to KRW 83.3 trillion; operating margin improved 3 percentage points to 80%.
• DRAM bit shipments increased approximately 10% sequentially, including server DDR5 shipments up over 40%; HBM4 mass production and shipments began in Q3.
• NAND bit shipments slipped slightly from Q2 as the company shifted sales toward higher-value products; NAND ASP rose by the mid-20% range.
• Net nonoperating expenses totaled KRW 32.6 trillion, including KRW 11.6 trillion in foreign-exchange-related losses and KRW 22.9 trillion in investment-asset valuation losses.