SK hynix Q3: Memory Upscycle & Capital Return Plan

StockWisdoms
10-28 11:40

$SK海力士(SKHY)$

Key Results

SK hynix reported the following results for the quarter:

•Revenue: $78.87 billion, according to Seeking Alpha’s financial data. The quarterly revenue surprise was $3.79 billion. The dataset does not specify GAAP or non-GAAP classification for these figures.

•GAAP EPS: KRW54,454.

•Reported revenue: KRW104.6 trillion, representing a 328% year-over-year increase.

•Memory trends: DRAM bit shipments increased approximately 10% sequentially, while DRAM average selling prices rose in the high-20% range. NAND bit shipments declined slightly sequentially, while NAND average selling prices increased in the mid-20% range.

•Shareholder returns: The company announced a third-quarter dividend of KRW20,000 per share, split between a KRW10,000 earnings-based dividend and a KRW10,000 special dividend funded partly by realized gains on its Kioxia investment.

Outlook Highlights

•DRAM: Fourth-quarter bit shipments are expected to increase in the mid-20% range sequentially, supported by expansion of advanced-node production and the M15X ramp-up.

•NAND: Fourth-quarter bit shipments are expected to rise by a mid-single-digit percentage sequentially, including Solidigm, with higher sales of 321-layer enterprise SSD products.

•Capital spending: SK hynix expects 2027 capital expenditures to increase significantly from 2026 as it invests in advanced nodes, the Y1 ramp-up, and infrastructure in Korea and overseas.

•Capital returns: The company plans to return the majority of realized gains from its Kioxia investment through special dividends paid in the third quarter and at year-end 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（3）

  • Top
  • Latest
  • henryxie1688
    ·17:23
    Special dividend looks nice, but the real question is how much of those Kioxia gains is truly one-off versus repeatable for future capital returns
    Reply
    Report
  • blinki
    ·10-28 12:02
    Special dividend looks nice, but the real question is how much of those Kioxia gains is truly one-off versus repeatable for future capital returns
    Reply
    Report
  • DrewStrong
    ·10-28 12:02
    DRAM ASP up high-20s and Q4 bits guided mid-20s too, that combo is the real juice here. M15X ramp matters more than the dividend imo
    Reply
    Report