SK hynix Stock Jumps 6.94% on Record 104.62 Trillion Won Quarter

Record Quarter Clears Every Estimate

SK hynix released third-quarter results that set records on both the top and bottom line, and its stock answered immediately, rising 5.67% from Tuesday's close to 1.417 million won in early Seoul trading on Wednesday. The results release put revenue at 104.62 trillion won, roughly $78.9 billion, the memory maker's first quarter ever above the 100 trillion won mark. Operating profit reached 83.33 trillion won, an 80% margin, ahead of the LSEG SmartEstimate of 76.72 trillion won; revenue also beat its 98.34 trillion won consensus figure, and both headline numbers cleared expectations by more than 6 trillion won. On the earnings call, management said average DRAM selling prices climbed by a percentage in the high 20s from the second quarter.

Net profit moved the other way. It fell 58% quarter over quarter to 39.78 trillion won and missed the FnGuide consensus of 61.29 trillion won. The second quarter had carried large one-off gains tied to the company's partial sale of its stake in Japanese chipmaker Kioxia, which set a high base for comparison. The print also arrived after a punishing stretch for Korean chip shares: SK hynix had closed at 1.277 million won on October 23, roughly 57% below its 52-week high, and Goldman Sachs had estimated that Korean chip valuations implied a 65% fall in 2027 sector earnings, a view Wednesday's tape pushed against. The rebound was broad. Samsung Electronics gained 6.98% from Tuesday's close, and the KOSPI index added 4.94% to 5,916.72.

Supply Limits and 14 Customer Deals

Beyond the quarterly figures, the release carried a supply outlook that runs to 2030. SK hynix said it expects memory demand to keep outpacing supply until the end of the decade, and it named two constraints: leading-edge chips are technically difficult to manufacture, and new fabs take years to bring online. On the demand side, management expects AI spending to broaden past a small group of large firms, with ordinary businesses and national projects joining the buying and widening the customer base for the company's output.

The company has also contracted a large share of its future production. Long-term agreements, or LTAs, signed with 14 major customers cover more than 50% of capacity for 2027 and 2028, so more than half of those years' output is spoken for before they begin. Contract prices track the market, but only within ranges agreed with each customer, a structure the company describes as protecting profitability while preserving room to adjust. The capacity outside these deals, less than half of the total, is where a demand slowdown would reach earnings first. Capital returns accompanied the outlook: SK hynix plans about 100 trillion won in shareholder returns for 2026, including a 14 trillion won third-quarter dividend funded partly by gains on the Kioxia investment, alongside a newly approved 20 trillion won buyback, about half of which goes toward employee compensation and sits outside the 100 trillion won total. Samsung reports full third-quarter results on Thursday, and its 2027 outlook will show whether SK hynix's main rival expects the same supply squeeze.

Price Sits Under $1,095.65 Resistance

SK hynix trades at $1,091.66, up 6.94% over the past 24 hours, and COINOTAG's composite scoring rates the $1,095.65 ceiling directly overhead at 68 out of 100. A stronger barrier stands at $1,132.35 if the session closes above the first band. Underneath, the $991.65 support carries a 79 out of 100 score in the same model, leaving roughly $100 of cushion below the current print. The stock perpetual market holds $481.8 million in open interest, the daily RSI reads 51.4, and the MACD signal is bullish within a sideways trend. The 50-day moving average, aligned with the $1,214.82 level, marks the next major band if the resistance gives way.