[Market Focus] 'Record Quarterly Earnings' SK Hynix Up 3.55%

The stock price of SK Hynix is on the rise after the company posted its highest-ever quarterly results since its founding. Driven by overlapping demand for high-performance memory, including artificial intelligence (AI) servers and replacement of existing data centers, the company's operating profit for the third quarter of this year surpassed 10 trillion won.

As of 9:36 a.m. on October 29, SK Hynix was trading at 539,500 won, up 18,500 won (3.55%) from the previous trading day.

On this day, SK Hynix announced in a provisional disclosure that its consolidated revenue for the third quarter of this year reached 24.4489 trillion won, with operating profit at 11.3834 trillion won and net profit at 12.5975 trillion won. Revenue and operating profit increased by approximately 40% and 62%, respectively, compared to the same period last year. The operating margin stood at 47%, and the net profit margin at 52%, both marking all-time highs.

Positive assessments of SK Hynix continued on the back of the AI boom. The previous day, Park Yuak, an analyst at Kiwoom Securities, said, "The price increase rate of general-purpose DRAM in the fourth quarter of this year will far exceed market expectations, and this upward trend is expected to continue into next year. NAND is also expected to continue improving profitability. For the time being, investors are likely to maintain a positive outlook on SK Hynix."

This content was produced with the assistance of AI translation services.