SK Hynix Inc. (NASDAQ:SKHY) shares are trending on Wednesday.

SK Hynix Q3 2026 Earnings

Shares of the South Korean semiconductor manufacturer climbed 8.14% to $157.19 in the pre-market session on Wednesday following the announcement of third-quarter results after the closing bell on Tuesday.

SK Hynix reported revenue of KRW 104.61 trillion ($78.23 billion). Operating profit was KRW 83.3338 trillion ($62.32 billion), an operating margin of 80%.

The results drew attention across memory chip stocks. CNBC’s Jim Cramer said Micron Technology Inc. (NASDAQ:MU) tends to move with SK Hynix.

On Monday, Cantor Fitzgerald analyst C.J. Muse cut the price target on SK Hynix to $250 from $300 while maintaining an Overweight rating.

Trading Metrics, Technical Analysis

SK Hynix has a market capitalization of about $730.82 billion. Over the past 52 weeks, its stock has traded as high as $199.87 and as low as $124.80.

SKHY has a Relative Strength Index (RSI) of 41.16.

Price Action: In the regular session on Tuesday, the large-cap tech stock closed at $145.36, up 1.92%, according to Benzinga Pro data.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo courtesy: Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.