# SK Hynix Sets Record Quarterly Profit, Plans $75.4 Billion Shareholder Return

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/42230
Published: 2026-10-28T01:50:45.000Z
Updated: 2026-10-28T01:50:45.000Z
Section: Business

> Revenue rose 328% from a year earlier, and the company expects memory demand to exceed supply through 2030.

SK Hynix posted a record third-quarter operating profit and plans a 2026 shareholder-return program worth about $75.4 billion, as demand for memory used in AI infrastructure continues to lift the chipmaker’s results.

Revenue for the quarter climbed 328% from a year earlier, while operating profit was 7.3 times the year-earlier total.

The return plan combines cash dividends with share repurchases and cancellations. SK Hynix said it completed last week a repurchase announced in August, with the shares expected to be canceled soon.

The company expects memory-chip demand to exceed supply through 2030. It has signed long-term supply agreements with 14 major customers, covering more than half of its total capacity in both 2027 and 2028. SK Hynix is also discussing extensions to agreements that typically run five years.

Shares rose 9.05%, while South Korea’s KOSPI index gained about 6.14% during the same period. SK Hynix is a major supplier of memory for AI infrastructure.