SK Hynix reported third-quarter results on October 28, 2026, and its US-listed shares jumped 8% to $156.78 in premarket trading, while Korea-listed shares gained 11% on the day, per AFP. Operating profit reached 83.33 trillion won (about $62.8 billion) and sales reached 104.61 trillion won, both records, but net profit of 39.77 trillion won fell short of the 59.67 trillion won average analyst estimate cited by Yonhap. The company also announced a new 60 trillion won shareholder return plan following an earlier 40 trillion won program, though the coverage gives no split between buybacks and dividends and no timeline. Micron rose about 4%, SanDisk about 5% and Western Digital less than 2%, even though Micron fell about 11%, SanDisk 23% and Western Digital 15% over the past month. The article views the rally as a possible relief bounce, noting that some analysts think earnings may have peaked while another expects the upward trend to last at least through 2027.
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