SK Hynix profit beats, $25B buyback plan lifts shares 8% despite weak guidance

SK Hynix $SK Hynix (KRX: 000660) posted a Q3 profit beat and announced a $25 billion payout plan, sending shares up 8% despite missing on revenue guidance. The chipmaker's strong capital return pledge addressed investor concerns over valuation amid a cyclical downturn in memory chip demand.

The company joins peers in signaling measured confidence while navigating weaker near-term market conditions. Analysts highlight the buyback as a signal of long-term resilience in Asia's semiconductor sector.

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