Samsung vs SK hynix: How Korea's Two Memory Giants Differ
Samsung Electronics and SK hynix are Korea's two most valuable companies and both make memory chips, but they are built very differently. One is a group of businesses from chips to phones; the other is almost entirely memory. Here is how they compare, from their own reports.
Samsung Electronics and SK hynix sit side by side in most discussions of Korean stocks and of memory chips. Both make DRAM and NAND flash, both report in calendar quarters, and together they dominate the Korean market. But the two companies are built very differently, and that shows in their results, their shares and how investors read them.
How do they compare at a glance?
| Samsung Electronics | SK hynix | |
|---|---|---|
| Businesses reported | Four: DS (semiconductors), DX (phones, TVs, appliances), SDC (displays), Harman | One: semiconductors |
| Q3 2026 revenue | 195.3 trillion won | 104.6 trillion won |
| Q3 2026 operating profit | 107.4 trillion won | 83.3 trillion won |
| Market value, Oct 30, 2026 | 1,315 trillion won (common shares) | 1,036 trillion won |
| Largest shareholder | Samsung Life Insurance | SK Square, 20.50% |
| Share classes | Common and non-voting preferred | Common |
| Listings outside Korea | GDRs in London | ADSs on Nasdaq (SKHY) |
| Q3 2026 dividend per share | 4,601 won | 20,000 won |
Sources for each row are in the sections below.
What does each company sell?
SK hynix is almost entirely a memory company. Its 2025 business report lists a single segment, semiconductors, whose products are “DRAM, NAND Flash 등” (DRAM, NAND flash and others), making up 100% of its 97.1 trillion won in 2025 revenue. Its main products, the report says, are DRAM, NAND flash and multi-chip packages. It added to its NAND business by buying Intel’s NAND unit, which it completed in March 2025.
Samsung is a group of businesses. It reports four segments: DS (semiconductors, which covers memory, System LSI and foundry), DX (phones, networks, TVs and appliances), SDC (Samsung Display) and Harman. What Samsung Electronics Makes covers each one. Even so, memory dominates its chip business: in the third quarter of 2026, memory was 140.7 trillion won of DS’s 147.1 trillion won in revenue, about 96%, counting sales within the company.
So SK hynix’s results move almost one-for-one with memory, while Samsung’s also carry phones, TVs and displays. In the third quarter of 2026, Samsung’s phone and network business lost 0.6 trillion won while its chip business earned 106.5 trillion won.
How did their latest quarters compare?
Both reported record results for the third quarter of 2026:
| Q3 2026 | Samsung Electronics (company) | Samsung DS (chips) | SK hynix |
|---|---|---|---|
| Revenue | 195.3 trillion won | 147.1 trillion won | 104.6 trillion won |
| Operating profit | 107.4 trillion won | 106.5 trillion won | 83.3 trillion won |
| Reported on | October 29 | October 29 | October 28 |
SK hynix said its operating margin was 80% and that revenue passed 100 trillion won for the first time, with HBM4 shipments beginning “in earnest.” Samsung said it was “the world’s first tech company to exceed KRW 100 trillion in quarterly operating profit.” Samsung’s memory revenue, 140.7 trillion won, was larger than SK hynix’s total, though the two figures are not measured the same way: Samsung’s includes sales to its own other businesses. Samsung does not report memory’s operating profit on its own.
For how the two compare in high-bandwidth memory specifically, see How Samsung and SK hynix Compare in HBM.
How big are they in the market?
On October 30, 2026, at KRX closing prices, Samsung’s common shares were worth 1,315.4 trillion won (about US$986 billion) and SK hynix’s 1,035.8 trillion won (about US$776 billion), at the Bank of Korea’s rate of 1,334.3 won per dollar. On our Korea map, which draws the stocks of the KOSPI 200, Samsung was 30.1% of the total value and SK hynix 23.7%. Third was SK Square, SK hynix’s largest shareholder, at 2.7%.
Samsung’s figure counts only its common shares. Its non-voting preferred shares trade separately and add to the company’s total value.
Who owns them, and what share classes are there?
Samsung Electronics had 5,846,278,608 common shares and 802,371,203 non-voting preferred shares issued on June 30, 2026, after canceling shares it had bought back. Its largest shareholder is Samsung Life Insurance. At the end of 2025 Samsung Life held 8.59%, the National Pension Service 7.77% and Samsung C&T 5.05%, and the largest shareholder with its related parties held 19.84% of the common shares. Its global depositary receipts trade in London; How to Buy Samsung Stock Outside Korea explains them and the preferred shares.
SK hynix has one class of shares. Its largest shareholder is SK Square, which held 146.1 million shares, 20.50%, on June 30, 2026, according to the half-year report. SK Square was split off from SK Telecom in 2021 and took over SK Telecom’s stake. Since July 2026, SK hynix’s American depositary shares have traded on Nasdaq as SKHY, ten to one share; SKHY vs 000660 covers how they work.
How do their dividends compare?
Both pay quarterly. For the third quarter of 2026, according to their dividend filings:
| Samsung Electronics | SK hynix | |
|---|---|---|
| Dividend per share | 4,601 won (common and preferred) | 20,000 won |
| Total | 30.0 trillion won | 14.1 trillion won |
| Record date | September 30, 2026 | November 30, 2026 |
SK hynix said its 20,000 won includes a 10,000 won special dividend from its gains on its investment in Kioxia, and that it plans shareholder returns of about 100 trillion won for 2026, including at least 30 trillion won in cash dividends and at least 60 trillion won in share buybacks and cancellations.
How do they report results?
Both use calendar quarters but report differently. Samsung publishes a short estimate of sales and operating profit about a week after each quarter and full results about three weeks later; SK hynix reports once. Why Samsung Reports Earnings Twice explains the difference. Samsung released its fourth-quarter 2025 results on January 29, 2026.
For where both fit among the world’s memory makers, see Who Makes What in Memory.
Sources
- Samsung Electronics Announces Third Quarter 2026 Results (October 29, 2026)
- 3Q 2026 earnings presentation
- SK hynix Announces 3Q26 Financial Results (October 28, 2026)
- SK hynix 2025 business report (사업보고서, March 17, 2026)
- SK hynix 2026 half-year report (반기보고서, August 14, 2026)
- Samsung Electronics 2026 half-year report (반기보고서, August 14, 2026)
- Samsung Electronics 2025 business report (English)
- Samsung Electronics quarterly dividend decision (현금ㆍ현물 배당 결정, October 29, 2026)
- SK hynix quarterly dividend decision (현금ㆍ현물 배당 결정, October 28, 2026)
See today’s Korea market map →
Related reading
More in Explainers
- Chip Stock Heatmap Explained: How to Read the Asia-Pacific Chips MapMarket Map
- Asia Chip Stocks From a US Account: SKHY, TSM, KXIAY and Other TickersExplainers
- Who Makes What in Memory: DRAM, NAND and HBM Across Asia and the USExplainers
- TSMC in Japan: What Is JASM, the Kumamoto Chip Plant?Explainers
- What Is HBM? High-Bandwidth Memory vs DRAM, HBM3E and HBM4Explainers
- SOXL and SOXS Explained: 3x Leveraged and Inverse Chip ETFsExplainers
- Custom AI Chips Explained: Google TPU, Amazon Trainium and ASICsExplainers
- Where Japan Fits in the Chip Supply Chain, Next to Taiwan and KoreaExplainers
- Taiwan's Chip Stocks: Who Makes WhatExplainers
- What Samsung Electronics Makes: Chips, Phones, Displays and MoreSamsung & SK hynix
- Japan's Chip Stocks: Who Makes WhatExplainers
- Why Nvidia's Earnings Move Memory StocksExplainers
- Chip Equipment Makers: ASML, Applied, Lam, KLA and Tokyo ElectronExplainers
- SOX Heatmap Explained: How to Read the US Chip Index MapMarket Map
- Memory Stock Map Explained: DRAM, NAND and HBM Makers in One ViewMarket Map
- S&P 500 Heatmap Explained: How to Read the US Market MapMarket Map
- How to Buy Japanese Chip Stocks: Tokyo Shares, OTC ADRs and ETFsGuides
- How to Buy Taiwan Stocks From Abroad: TWSE Shares, TSM and ETFsGuides
- What Do 3nm and 2nm Mean? Chip Process Nodes ExplainedExplainers
- US Chip Export Controls on China, ExplainedExplainers
- What Is CoWoS? TSMC's Advanced Packaging and the AI Chip BottleneckExplainers
- Foundry, Fabless and IDM: How Chipmakers Split the WorkExplainers
- Why Samsung Reports Earnings Twice, and How Other Chipmakers ReportSamsung & SK hynix
- SOXX vs SMH vs SOXQ: How Three Semiconductor ETFs DifferExplainers
- How a Stock Gets Into the S&P 500 and the Nasdaq-100Explainers
- Dow, S&P 500 and Nasdaq: What Each US Stock Index MeasuresExplainers
- US Stock Futures Overnight: What Dow, S&P 500 and Nasdaq Futures ShowExplainers
- One Chip Day, Four Closes: Seoul, Taipei, Tokyo and New YorkExplainers
- Japan's Margin Trading Data: What It Says About KioxiaExplainers
- Kioxia Outside Japan: 285A in Tokyo vs KXIAY Over the CounterExplainers
- Kioxia's 3-for-1 Split: How to Read Its Price HistoryExplainers
- Micron's Fiscal Calendar: Why Its Quarters Don't Match Samsung'sExplainers
- Nikkei 225 vs TOPIX: Why Chip Stocks Move Them So DifferentlyExplainers
- The Philadelphia Semiconductor Index (SOX) and Why Asia Watches ItExplainers
- Taiwan's 10% Daily Price Limit and Other Rules for Foreign InvestorsExplainers
- TSM vs 2330: Why TSMC's US Shares Trade Above TaipeiExplainers
- TSMC's Monthly Sales: How Taiwan's Monthly Revenue Reports WorkExplainers
- Why One Stock Moves Taiwan's Market: TSMC and the TAIEXExplainers
- How Foreign Investors Move the KOSPI, and Where to See the Daily DataExplainers
- How to Buy Korean Stocks in 2026: 4 Routes for US, Singapore, UKGuides
- How to Buy Samsung Stock Outside Korea: Shares, London GDR and ETFsGuides
- Korea Discount and the Value-up Program, Explained SimplyExplainers
- KOSPI Heatmap Explained: How to Read Korea's Market MapMarket Map
- Why MSCI Still Hasn't Upgraded Korea, and What Would Change ItExplainers
- How Samsung and SK hynix Compare in HBMSamsung & SK hynix
- SKHY vs 000660: How the Two Ways to Own SK hynix DifferSamsung & SK hynix
- Why Is the KOSPI So Volatile? Chips, Foreign Money and the WonExplainers