SK Hynix unveils shareholder return plan worth $75 billion after posting 7-fold jump in Q3 profit

SK hynix has achieved a record quarterly revenue of 104.62 trillion won, marking a staggering 327.9% increase year-over-year. Operating profit also hit an all-time high of 83.33 trillion won, exceeding market expectations of 77 trillion won. The surge in revenue and profits can be attributed to the booming demand for AI semiconductors, particularly AI memory products and next-generation high-bandwidth memory (HBM4) shipments.

The company also revealed a comprehensive shareholder return program amounting to 100 trillion won, which includes cash dividends and share repurchases. SK hynix expects HBM4 to surpass HBM3E in both shipments and revenue in the fourth quarter, solidifying its position as the mainstay HBM product. The company anticipates strong AI infrastructure investment globally, supported by tangible revenue and productivity gains across various applications.

SK hynix plans to increase capital expenditure for semiconductor fabrication plants through 2030, recognizing the growing complexity of advanced manufacturing processes and the construction timelines for new plants. The company has secured long-term supply agreements with 14 major customers, representing over 50% of its total production capacity by 2027 and 2028.

SK hynix also confirmed its commitment to consistent shareholder returns, having already completed a 40 trillion won share buyback and announcing an additional 60 trillion won shareholder return plan.