SK Hynix reports record quarter, plans 100 trillion won returns

SK Hynix reported record third-quarter revenue and operating profit on October 27 and announced a shareholder-return plan of about 100 trillion won for fiscal 2026, as it forecast that memory demand will continue to outpace supply through 2030. The South Korean chipmaker said revenue for the July-to-September quarter was 104.6155 trillion won and operating profit was 83.3338 trillion won, both quarterly records. Net profit was 39.7756 trillion won. Operating profit was more than seven times the 11.4 trillion won recorded a year earlier, while revenue rose 328% from the same period, according to the company’s results announcement. The return plan includes at least 30 trillion won in cash dividends and at least 60 trillion won in share repurchases and cancellations, including a 40 trillion won buyback announced in August. The company said the August repurchase was completed last week and that the shares would be cancelled shortly. Its board also resolved on a 14 trillion won third-quarter cash dividend and a 20 trillion won share repurchase. Of that repurchase, 10 trillion won is intended for employee compensation and is excluded from the shareholder-return total. SK Hynix said...