SK Hynix shares surged 12% after third-quarter results pointed to continued strength in memory pricing, lifting US-listed peers as well. One rival gained over 4% and another rose more than 5%, while South Korea’s KOSPI advanced over 6.6%. SK Hynix posted quarterly revenue of 104.6 trillion won ($77.9bn), up 32% quarter on quarter, marking its first quarter above the 100 trillion won level.
DRAM And NAND Segment Performance
In its DRAM segment, revenue rose 10% QoQ and average selling prices climbed in the high-20% range, while NAND revenue fell slightly from Q2 even as average prices increased by the mid-20% range. For Q4, the company expects DRAM revenue to rise by more than 20% QoQ and NAND revenue to grow by mid-single digits. Operating profit increased 38% QoQ and 632% year on year, and SK Hynix said it plans to return about $75bn this year through dividends and share buybacks. Another US-listed competitor is due to report Q1 2027 results on Thursday, 29 October, with Wall Street forecasting adjusted EPS of $46.41 on $10.7bn in revenue.
