# SK Hynix Q3 2026 Earnings Report

> SK Hynix reports KRW 104.6 trillion revenue, 80% operating margin, and KRW 100 trillion shareholder return plan.
- Title: SK Hynix Q3 2026 Earnings Report · BigGo Finance | Shortify
- Summary: SK Hynix reports KRW 104.6 trillion revenue, 80% operating margin, and KRW 100 trillion shareholder return plan.
- Keywords: sk hynix, q3 2026, revenue, operating margin, shareholder return, semiconductor, memory, hbm4, solidigm, kioxia, markets, BigGo Finance
- Source: BigGo Finance — https://finance.biggo.com/news/US_SKHYV_2026-10-27
- Author: BigGo Finance
- Published: 2026-11-10T01:14:21+00:00
- Read time: 1 min
- Topics: sk hynix, q3 2026, revenue, operating margin, shareholder return, semiconductor, memory, hbm4, solidigm, kioxia, finance, markets
## Record Q3 2026 Revenue
SK Hynix reported record third-quarter 2026 revenue of KRW 104.6 trillion, up 32% quarter-on-quarter and 328% year-on-year.
## 80% Operating Margin
Operating profit reached KRW 83.3 trillion, up 38% quarter-on-quarter and 632% year-on-year, expanding margin to 80%.
## KRW 100 Trillion Shareholder Return
Announced KRW 100 trillion shareholder return plan through fiscal 2026 including KRW 30 trillion cash dividends and KRW 60 trillion share buybacks.
## KRW 20,000 Quarterly Dividend
Third-quarter dividend of KRW 20,000 per share includes KRW 10,000 special dividend from Kioxia investment gains.
## HBM4 Production Ramp
SK Hynix began full-scale mass production and shipments of HBM4 in third quarter, with DRAM bit shipments growing 10% quarter-on-quarter.
## Long-Term Agreements
Long-term agreements now cover more than 50% of total capacity for 2027 and 2.028, securing demand visibility for next three years.
## Solidigm IPO Shelved
Solidigm, SK Hynix's NAND subsidiary, discontinued IPO review due to market volatility and semiconductor stock corrections.

> An IPO would not fully deliver the anticipated benefits at this time
## Q4 Market Outlook
DRAM bit shipments expected to grow 20% sequentially with HBM4 ramp-up, NAND shipments to increase mid-single-digit percentage.
## Staged Investment Approach
CapEx in 2027 expected to increase significantly but investments staged to avoid overproduction and supply issues.

> More investment or more fabs does not necessarily mean more supply
## AI Demand Confidence
AI investments driving 30-80% cloud revenue growth with growing order backlogs and diversified investor base.
## HBM Stack Efficiency
Lower stack counts reflect overwhelming demand, with HBM4E capacity per die offsetting potential capacity reductions.

> Even if it goes from 12-stack hbm4 to eight-stack hbm4e, the increase in capacity per die can offset a substantial part of the impact
## Q4 2027 Market View
2027 DRAM demand growth expected in mid-20% range with supply constraints persisting through 2030.
## Technology Roadmap
Next-generation DRAM roadmap includes 4F² and 3D DRAM, with NAND developing memory tiering technologies for AI inference.
## Key takeaway

SK Hynix achieved record Q3 2026 revenue of KRW 104.6 trillion with 80% operating margin and announced KRW 100 trillion shareholder return through 2026.