SK Hynix Q3 profit jumps more than 7-fold, beats forecasts

SK Hynix reported a record quarterly profit in Q3, experiencing a surge of more than seven-fold that exceeded market forecasts. This growth is driven by the relentless demand for AI hardware. In response to these results, the company unveiled an additional shareholder return program for 2026 valued at 100 trillion won, approximately $75 billion. Counterpoint Research Director MS Hwang noted that these financial outcomes align with current broader industry trends within the AI sector.