SK Telecom Reports Strong Q3 2026 Growth Driven by Mobile Revenue Recovery
SK Telecom reported robust third-quarter 2026 financial results, with consolidated revenue reaching KRW 4,497.3 billion, a 13.1% increase year-over-year. Operating income rose to KRW 552.3 billion, marking the third consecutive quarter exceeding the KRW 500 billion threshold. This growth was primarily fueled by a recovery in mobile service revenue following high-quality handset subscriber acquisitions. The company is aggressively pivoting toward AI infrastructure, targeting gigawatt-scale AI data centers through its SK Hyper initiative. While management aims to secure customer demand for these facilities by the first half of 2027, they noted that high interest rates remain a risk factor for funding large-scale projects. Looking ahead, SK Telecom plans to commercialize 5G Standalone technology in December 2026 and continues its commitment to returning over 50% of adjusted operating income to shareholders.
Tickers: $SKT
Topics: 5G technology AI infrastructure data center expansion operating income revenue growth