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You can't do it using the HYPERLINK function but there is an alternative approach.

Insert Link Shortcut

You can put multiple hyperlinks in Google Sheets cells using the "insert link" shortcut:

         - PC:   CTRL+K

         - Mac: CMD+K

Steps

  1. Select the first word you want to hyperlink.
  2. Press CTRL+K
  3. Enter the link URL.
  4. Repeat the steps above for the next, and subsequent words, you want hyperlinked.

multiple hyperlinks in the same cell

Resource: Keyboard shortcuts for Google Sheets

Insert Link Shortcut

You can put multiple hyperlinks in Google Sheets cells using the "insert link" shortcut:

         - PC:   CTRL+K

         - Mac: CMD+K

Steps

  1. Select the first word you want to hyperlink.
  2. Press CTRL+K
  3. Enter the link URL.
  4. Repeat the steps above for the next, and subsequent words, you want hyperlinked.

multiple hyperlinks in the same cell

Resource: Keyboard shortcuts for Google Sheets

You can't do it using the HYPERLINK function but there is an alternative approach.

Insert Link Shortcut

You can put multiple hyperlinks in Google Sheets cells using the "insert link" shortcut:

         - PC:   CTRL+K

         - Mac: CMD+K

Steps

  1. Select the first word you want to hyperlink.
  2. Press CTRL+K
  3. Enter the link URL.
  4. Repeat the steps above for the next, and subsequent words, you want hyperlinked.

multiple hyperlinks in the same cell

Resource: Keyboard shortcuts for Google Sheets

Add Mac version to answer to make it more comprehensive. Add link to Sheets shortcuts.
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Blindspots
  • 7.5k
  • 5
  • 20
  • 38

Insert Link Shortcut

You can put multiple hyperlinks in Google Sheets cells using the insert link"insert link" shortcut:

         - PC:   ControlCTRL+K.

Select the first work you want to hyperlink and press

         - Mac: ControlCMD+K > Enter the link URL. Then repeat the same for the 2nd (or subsequent) word you want to hyperlink.

Steps

  1. Select the first word you want to hyperlink.
  2. Press CTRL+K
  3. Enter the link URL.
  4. Repeat the steps above for the next, and subsequent words, you want hyperlinked.

enter image description heremultiple hyperlinks in the same cell

Resource: Keyboard shortcuts for Google Sheets

You can put multiple hyperlinks in Google Sheets using the insert link shortcut Control+K.

Select the first work you want to hyperlink and press Control+K > Enter the link URL. Then repeat the same for the 2nd (or subsequent) word you want to hyperlink.

enter image description here

Insert Link Shortcut

You can put multiple hyperlinks in Google Sheets cells using the "insert link" shortcut:

         - PC:   CTRL+K

         - Mac: CMD+K

Steps

  1. Select the first word you want to hyperlink.
  2. Press CTRL+K
  3. Enter the link URL.
  4. Repeat the steps above for the next, and subsequent words, you want hyperlinked.

multiple hyperlinks in the same cell

Resource: Keyboard shortcuts for Google Sheets

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Source Link

You can put multiple hyperlinks in Google Sheets using the insert link shortcut Control+K.

Select the first work you want to hyperlink and press Control+K > Enter the link URL. Then repeat the same for the 2nd (or subsequent) word you want to hyperlink.

enter image description here