SK Hynix Sold Out Through 2029 and Still Made $63 Billion
SK Hynix has just delivered the kind of quarter that makes sceptics go quiet, at least for a day. On Wednesday 28 October 2026, the South Korean memory giant reported an operating profit of 83.3338 trillion won for the third quarter — about $63 billion — on revenue of 104.6155 trillion won, and said its DRAM and high-bandwidth memory volumes are effectively sold out through 2029, counting secured long-term agreements together with demand now under specific negotiation. If you have spent the past month wondering whether the AI boom is a bubble about to pop, this is the print you have to reckon with first. It is not a clean, uncomplicated triumph, and that is precisely why it matters. The same results that smashed expectations on operating profit also showed net profit falling sharply from the previous quarter. The same company handing back roughly 100 trillion won to shareholders is also warning that shortages could last into the next decade. Hold both of those truths at once and you ...