存储太火了！SK海力士收入利润双双飙升，2026年产能已“全部售罄”｜财报见闻

Core Insights - SK Hynix reported impressive Q3 financial results, with operating profit surpassing 10 trillion KRW for the first time, reaching 11.38 trillion KRW, a year-on-year increase of 62% [1][2] - The company's revenue for Q3 was 24.45 trillion KRW (approximately 17.1 billion USD), marking a 39% year-on-year growth [1][2] - Net income reached a record high of 12.6 trillion KRW, reflecting a 119% increase compared to the previous year [2] Financial Performance - Q3 revenue was 24,448.9 billion KRW, up 10% quarter-on-quarter and 39% year-on-year [2] - Operating profit was 11,383.4 billion KRW, a 24% increase from the previous quarter and a 62% increase year-on-year [2] - Net income for Q3 was 12,597.5 billion KRW, showing an 80% quarter-on-quarter increase and a 119% year-on-year increase [2] Market Position - SK Hynix holds a 64% market share in the HBM segment, having secured all DRAM and NAND customer demands for 2026 [2][6] - The company achieved a 38% market share in the DRAM sector in Q2, surpassing Samsung to become the industry leader [2][6] - The competitive landscape is tightening as Samsung and Micron accelerate their efforts in the HBM market [2][6] Future Outlook - DRAM shipment volume is expected to grow by over 20% year-on-year in 2026, with HBM supply constraints anticipated to last until 2027 [3][6] - Capital expenditures for 2026 are projected to exceed those of 2025, with plans to expand capacity through the M15X project [3][9] - The HBM market is expected to grow to $43 billion by 2027, although potential challenges include increased competition and a possible cooling of AI investment [7][8] Business Segments - The HBM business is a key driver of growth, with high-margin products like HBM3E and server DDR5 contributing significantly to performance [5][6] - Traditional memory chip business is also recovering, with improvements in smartphone and PC markets, and rising prices for DRAM chips used in data servers and mobile devices [8]