DECRYPT · 2026-10-28 21:16 UTC

Chip Maker SK Hynix Posts Record Quarter as AI Memory Demand Overwhelms Supply

SK Hynix reported record Q3 revenue of 104.6 trillion won ($78B) and operating profit of 83.3 trillion won ($65.5B), beating analyst expectations with an 80% operating margin. The company projects demand for memory will exceed supply through 2030, with DRAM and HBM volumes through 2029 effectively sold out; it has signed long-term contracts with 14 key customers covering over 50% of 2027-2028 production capacity. CEO cited cloud customers reporting 30-80% year-over-year revenue growth and 2-5x order backlogs, while acknowledging AI spending is broadening beyond major tech companies to…

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