$SKHY · SK hynix Inc.
SK hynix disclosed its FY2026 shareholder return plan totaling approximately Won 100 trillion, comprising Won 30 trillion+ in cash dividends and Won 60 trillion+ in treasury share acquisitions and cancellations. The Q3 2026 dividend is set at Won 20,000 per share, split evenly between earnings-based and a special dividend from Kioxia investment gains. The board also resolved a fresh Won 20 trillion buyback on October 28, 2026, with roughly half earmarked for shareholder returns and half for employee compensation.
- Total FY2026 shareholder returns expected at approximately Won 100 trillion (~$68B at current exchange rates).
- Cash dividends of Won 30 trillion or more, including a Won 20,000/share Q3 dividend (Won 10,000 earnings + Won 10,000 special dividend from Kioxia gains).
- Won 60 trillion+ allocated to treasury share acquisition and cancellation, inclusive of Won 40 trillion already resolved in August 2026.
- Board resolved an additional Won 20 trillion treasury share acquisition on October 28, 2026 — ~Won 10T for shareholder returns, ~Won 10T for employee compensation.
- Most Kioxia investment gains to be returned via special dividends in two installments: Q3 2026 and FY2026 annual dividends.
Extended-hours trading shows a +7.82% surge to $156.73 vs the $145.36 regular close, indicating strong positive reception to the Won 100 trillion return plan. Markets closed — no regular-session reaction yet; the after-hours move captures initial enthusiasm.
A ~Won 100 trillion shareholder return plan from a single semiconductor company is unprecedented in scale and signals extreme confidence in sustained HBM-driven free cash flow.
The scale of this return — roughly Won 100 trillion — dwarfs typical semiconductor-industry capital return programs and signals extraordinary confidence in HBM-driven cash flows amid the AI capex cycle. Peer Micron (MU) and Samsung have not announced comparable return magnitudes.
Forward-looking statements caveat that actual results may differ depending on future business conditions and performance. The employee compensation portion of treasury share acquisitions remains subject to change based on future determinations.