Micron and SK Hynix swung from $15.5B combined losses to $210B+ in profits in three years
Beth_Kindig · x · 2026-11-06
Beth Kindig highlights a dramatic reversal in the memory chip industry: three years ago Micron and SK Hynix reported a combined $15.5B in TTM net losses, while over the last twelve months the two generated more than $210B combined. The attached chart (as of Nov 2026) shows SK Hynix TTM net income around $128.6B and Micron around $85B, with both curves surging steeply since bottoming in 2024 on AI-driven demand.
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