SK Hynix Q3 profit jumps 632% on AI memory demand

SK Hynix reported third-quarter revenue of 104.62 trillion won versus 98.34 trillion won expected, and operating profit of 83.33 trillion won versus 76.72 trillion won expected. Revenue rose 327.9% year on year and operating profit climbed 632.1%. The company is a key HBM supplier to Nvidia.

• Revenue reached 104.62 trillion won, up 327.9% year on year
• Operating profit hit 83.33 trillion won, up 632.1% year on year
• Quarter-over-quarter revenue rose 31.9%, profit 37.6%
• In August it announced a 40 trillion won share buyback