South Korea's memory giants SK Hynix and Samsung Electronics report record Q3 earnings of 184.4 trillion KRW.

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South Korea’s semiconductor giants SK Hynix and Samsung Electronics are set to release their Q3 2026 earnings, with SK Hynix reporting on Wednesday and Samsung following on Thursday. Analysts project a combined operating profit of 184.4 trillion KRW ($139.1 billion), driven by strong demand for AI chips and higher memory prices. Samsung’s preliminary results indicate an operating profit of 107.4 trillion KRW, nearly eight times higher than in Q3 2025. SK Hynix is expected to report 77 trillion KRW, according to FnGuide. The two companies posted a combined profit of 90.8 trillion KRW during the same period last year. The daily market report highlights rising investor confidence, as reflected in the positive sentiment of the Fear & Greed Index.

Odaily Planet Daily report: This week, South Korea’s “storage giants” will announce their third-quarter 2026 results: SK Hynix will release its earnings on Wednesday, followed by Samsung Electronics on Thursday. With rising demand for AI chips and increasing prices for memory chips, these two storage chip giants are expected to post one of their strongest quarterly performances ever, with combined operating profit for the quarter projected to reach 184.4 trillion Korean won (approximately $139.1 billion).

Samsung Electronics' preliminary earnings released on October 8 showed that its operating profit for the third quarter reached 10.74 trillion Korean won (approximately $80.17 billion), surging nearly eightfold compared to 1.217 trillion Korean won in the same period last year. According to a survey by market research firm FnGuide, analysts expect SK Hynix's third-quarter revenue to reach 9.82 trillion Korean won, with an operating profit of 7.7 trillion Korean won. In comparison, the combined operating profit of Samsung (4.36 trillion Korean won) and SK Hynix (4.72 trillion Korean won) for 2025 is projected at 9.08 trillion Korean won. (Caixin)

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