AI chip giant SK hynix says quarterly operating profit soars 630%
Source: Yahoo News
Published on: 2026-10-28 00:46
South Korean chip giant SK hynix said Wednesday its third-quarter operating profit soared 632 percent on-year, largely driven by the artificial intelligence industry's explosive demand for its advanced memory chips. Operating profit for the July-September period was 83.33 trillion won ($62.8 billion), the company said. The firm's July-September net profit jumped 215.7 percent from last year to 39.77 trillion won, while sales reached 104.61 trillion won. The memory chip giant said it had posted record revenue and operating profit for six straight quarters since the second quarter of last year. But the earnings fell behind market expectations. The average estimate of net profit by analysts stood at 59.67 trillion won, according to South Korea's Yonhap news agency, citing its own data firm. "SK hynix analyzed that a virtuous cycle has taken hold in which AI-driven productivity gains an...
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