SK Hynix profit jumps seven-fold; HBM sold out until 2029
South Korea’s SK Hynix will return about 100 trillion won via cash dividends and buybacks after July–September operating profit surged more than seven-fold on AI memory demand.
SK Hynix plans about $75 billion (100 trillion won) in shareholder returns this year after a record quarterly profit.
July–September operating profit hit 83.3 trillion won, up from 11.4 trillion won a year earlier; revenue rose 328% to 104.6 trillion won.
Returns include more than 30 trillion won in cash dividends and more than 60 trillion won in share buybacks and cancellations.
The company said HBM and DRAM are sold out until 2029 and a chip shortage is likely through 2030.
Shares rose as much as 9.4% in morning trade after the results and payout plan.