I figured it out. I used the below code to get the desired output if someone is having a similar problem separating 2 delimited columns.I used the Cross Apply function and XML in SQL Server to get the same output as using the posexplode function in Hive.
--Create test table
create table Table1 (userid varchar(max), Sku varchar(max), Qty varchar(max))
insert Table1 select 'abc', '2427022' , '3'
insert Table1 select 'abc', '1883575|2427022', '1|3'
insert Table1 select 'def', '2427022|1562336|153842' , '1|1|1'
insert Table1 select 'ghi', '2427022' , ' 3'
;WITH CTE1
AS
(
SELECT RN= Row_Number () over(Order by userid),userid,
Split.a.value('.', 'VARCHAR(100)') AS Sku
FROM
(
SELECT Userid,Sku,
CAST ('<M>' + REPLACE(sku, '|', '</M><M>') + '</M>' AS XML) AS Data
FROM Table1
) AS A CROSS APPLY Data.nodes ('/M') AS Split(a)
)
,CTE2
AS
(
SELECT RN= Row_Number () over(Order by userid),userid,
Split.b.value('.', 'VARCHAR(100)') AS qty
FROM
(
SELECT Userid,qty,
CAST ('<M>' + REPLACE(qty, '|', '</M><M>') + '</M>' AS XML) AS Data
FROM Table1
) AS B CROSS APPLY Data.nodes ('/M') AS Split(b)
)
Select c.userid, c.Sku, d.qty
from CTE1 as c
Inner Join CTE2 as d
on c.RN =d.RN