Key Highlights

  • SK hynix (NASDAQ:SKHY) reports third-quarter 2026 results on Wednesday, October 28, 2026 in Korea, with consensus earnings of USD 5.97 to USD 6.25 per share and revenue of about USD 66.4 billion.
  • Korean consensus calls for revenue of KRW 98.23 trillion and operating profit of KRW 76.96 trillion, an implied margin of about 78.4%, with brokerage estimates between KRW 70.1 trillion and KRW 80.1 trillion.
  • The company beat consensus when it reported on Wednesday, July 29, 2026, and the shares have risen about 36% since, so SK hynix (NASDAQ:SKHY) now faces a higher bar.
  • The first HBM4 sales for the Nvidia (NASDAQ:NVDA) Vera Rubin platform are expected in this report, although shipments may have fallen short of expectations for a second consecutive quarter.

The Bar for a Record Quarter

SK hynix (NASDAQ:SKHY), the Korean maker of DRAM, NAND flash and high-bandwidth memory (HBM), stacked chips used beside artificial intelligence processors, is due to report third-quarter results on Wednesday, October 28, 2026, in Korea, and the release time in New York has not been confirmed. Consensus earnings per share run from USD 5.97 to USD 6.25 depending on the data set, with revenue near USD 66.4 billion. Korean consensus is revenue of KRW 98.23 trillion, up about 302% year on year, and operating profit of KRW 76.96 trillion, up about 576%. Brokerage estimates run from KRW 70.1 trillion at DS Investment & Securities to KRW 80.1 trillion at Meritz. Results cannot be known in advance.

Why Memory Pricing and HBM4 Drive the Number

The profit bar rests on price more than volume. Industry data put second-quarter DRAM average selling prices up about 30% and NAND prices up in the mid-50% range, so an operating margin near 78% assumes those gains held through the third quarter. The company beat consensus in its release of Wednesday, July 29, 2026, and the shares have gained about 36% since, which raises the cost of any shortfall. The second driver is HBM4, the newest generation of stacked memory. Sales for the Nvidia Vera Rubin platform are expected to begin appearing, yet shipments may have missed expectations for a second straight quarter because of platform delays. Solidigm, the group's United States storage subsidiary, has its planned listing shelved.

Risks and What to Watch

The bull case is operating profit at or above KRW 79 trillion, earnings per share at the top of the USD 5.97 to USD 6.25 range, a firm fourth-quarter pricing outlook and clear evidence of HBM4 volume, which would support the view that the cycle has further to run and could lift the shares. The bear case is operating profit near the KRW 70.1 trillion low end, a further HBM4 shipment slip or a softer price outlook; after a 36% advance, a miss on timing could prompt a sharp fall even from record profit. Investors should watch capital spending, long-term supply agreements and shareholder returns. The dated events are the report on October 28 and the Federal Reserve decision the same day, which follows its rate rise on Wednesday, September 16, 2026 to 4.00%.

Where Things Stand

The answer is that SK hynix (NASDAQ:SKHY) faces a very high bar, with consensus implying a record quarter, a margin near 78% and shares up about 36% since the July beat, so the HBM4 timeline and the pricing outlook are likely to matter more than the single earnings figure. The next catalysts are the results on Wednesday, October 28, 2026, the Federal Reserve decision the same day and any update on HBM4 qualification at Nvidia. Consensus figures are estimates and listing details can change, and this is not investment advice.