SK Telecom Reports Strong Q3 2026 Earnings Amid AI Data Center Expansion Plans

• •SK Telecom's Q3 2026 revenue grew 13.1% year-over-year to KRW 4,497.3 billion.
• •Operating income exceeded KRW 500 billion for the third consecutive quarter.
• •The company is expanding its AI data center capacity with plans for new facilities in Ulsan and Seoul.

SK Telecom reported consolidated revenue of KRW 4,497.3 billion for Q3 2026, reflecting a 13.1% year-over-year growth driven by mobile service revenue recovery. The operating income reached KRW 552.3 billion, marking the third consecutive quarter above KRW 500 billion. The cumulative operating income for the first three quarters of 2026 stands at KRW 1,655.9 billion, indicating a trend of earnings recovery. The company is focusing on expanding its AI data center capabilities, with new facilities planned in Ulsan and Seoul, targeting a capacity of 180 megawatts. Discussions are ongoing with three to four global companies for potential tenancies at the Ulsan AI data center, with a commercial launch of the E2A submarine cable project expected in 2029. SK Telecom also ranked first in customer satisfaction surveys, emphasizing its competitive service offerings. The company maintains a policy of returning over 50% of adjusted operating income to shareholders through 2026.