SK Telecom announced its consolidated third-quarter 2026 financial results on November 3, 2026, reporting revenue of KRW 4.4973 trillion. The company also detailed ongoing progress in its telecommunications business and AI data center operations.
Financial Highlights
SK Telecom reported consolidated revenue of KRW 4.4973 trillion, operating income of KRW 552.3 billion, and net income of KRW 411.8 billion for the third quarter of 2026. Operating income exceeded KRW 500 billion for the third consecutive quarter.
On a non-consolidated basis, SKT reported revenue of KRW 3.1563 trillion, operating income of KRW 413.5 billion, and net income of KRW 298.9 billion. The company declared a third-quarter dividend of KRW 830 per share.
AI Infrastructure and Services
SKT established a dedicated execution framework for its AI data center business through the launch of SK Hyper in July 2026 and SK Horizon in August 2026. SK Hyper will lead business development, while SK Horizon handles infrastructure operations and expansion.
SK Horizon is currently developing new data centers with a capacity of approximately 180 MW in Ulsan and Seoul. Additionally, SKT is expanding the use of its proprietary AI foundation model across its A. AI assistant and workplace AI services.
Key facts and where they come from
- SK Telecom posted consolidated revenue of KRW 4.4973 trillion in Q3 2026.
revenue of KRW 4.4973 trillion, operating income of KRW 552.3 billion, and net income of KRW 411.8 billion.
- SKT launched SK Hyper and SK Horizon to scale its AI data center business.
SKT established a dedicated execution framework for its AI data center (AIDC) business through the launch of SK Hyper in July 2026 and SK Horizon in August 2026.
- SK Horizon is developing data centers with a capacity of about 180 MW in Ulsan and Seoul.
Currently, SK Horizon is developing new data centers with a capacity of approximately 180 MW in Ulsan and Seoul
The open question: How will the division of responsibilities between SK Hyper and SK Horizon affect the timeline and scaling of SK Telecom's AI data center business?
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