SK Hynix Posts Record $78.7 Billion Quarter on AI Memory Demand
As seen on the 24/7 Wall St. homepage on October 28, 2026.
Memory is now the cleanest read on whether AI spending is real, and a quadrupling to a record $78.7 billion in quarterly revenue is the answer bulls wanted.
$SKHY's quarterly revenue more than quadrupled to a record of roughly $78.7 billion as AI data centers snapped up memory chips. US-listed shares are climbing as the company's results eased worries about the AI trade. Read more: https://t.co/i6vUnUYpmG https://t.co/hYhaiqSHhH
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Quarterly revenue more than quadrupled to a record roughly $78.7 billion, driven by AI data centers aggressively buying up memory chips to power their expanding infrastructure.
Memory chips have become one of the clearest signals of whether AI capital spending is translating into real, sustained demand. A single quarter producing that scale of revenue growth is difficult to dismiss as a one-off, and investors are treating it accordingly, with US-listed shares climbing on the news.
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Lingering doubts about the durability of the AI buildout had weighed on sentiment across the sector, and results of this magnitude directly addressed those concerns, easing what had been a persistent worry for bulls.
For investors tracking the AI trade, memory is worth keeping a close eye on. When the companies supplying the foundational hardware for AI infrastructure are posting records, it suggests the spending cycle has not yet peaked.