SK Hynix posts $62.8B quarterly operating profit at 80% margin as AI memory demand booms
mhdfaran · x · 2026-10-28
While everyone argues whether OpenAI, Anthropic or Google wins AI, SK Hynix may be the real winner — the company selling memory to all of them posted $62.8B in operating profit in a single quarter at an 80% margin.
Q3'26 highlights from the cited earnings report:
- Revenue $78.9B (beat est. $74.8B), up 328% YoY
- Operating profit $62.8B, up 632% YoY; record 80% operating margin
- Gross margin 85.7%; EBITDA $66.1B at an 84% margin
- DRAM ASP up high-20% QoQ; NAND ASP up mid-20% QoQ
- Cash of $86.3B (+311% YoY) against just $11.9B interest-bearing debt (-34% YoY); net debt-to-equity at -32%
- Q4 guidance: mid-20% QoQ DRAM bit growth
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