AI chip giant SK hynix says quarterly operating profit soars 630%

What happened: SK hynix reported a 632 percent on-year jump in third-quarter operating profit, driven by AI demand for its advanced memory chips. It also announced a plan to return 60 trillion won to shareholders. Key numbers: Operating profit 83.33 trillion won ($62.8 billion), up 632 percent on-year. Why it matters: Earnings fell behind market expectations, and shares have been under pressure since June as investors shrugged off record results already priced in. An analyst said quarterly earnings have not yet peaked, with the upward trajectory likely to sustain at least through 2027. Market: +1.9% today ($145.36), 1.3x vol — as of 22:46 UTC Coverage: 4 outlets in 24h

SK hynix reported a 632 percent on-year jump in third-quarter operating profit, driven by AI demand for its advanced memory chips. It also announced a plan to return 60 trillion won to shareholders.

Earnings fell behind market expectations, and shares have been under pressure since June as investors shrugged off record results already priced in. An analyst said quarterly earnings have not yet peaked, with the upward trajectory likely to sustain at least through 2027. Market: +1.9% today ($145.36), 1.3x vol — as of 22:46 UTC