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South Korea · Agentic AI · Nvidia ·

SK Hynix makes memory chips used to store data, which are found in everything from servers to smartphones and laptops

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Image accompanies the article at CNBC Technology. No description was extracted from the source.

The company attributed its record earnings to rising memory prices and booming artificial intelligence demand, with SK Hynix representing the world's leading supplier of high-bandwidth memory, or HBM, used in AI datacenters.

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Summary

South Korean memory chip giant SK Hynix posted yet another quarter of record profit and revenue on Thursday, as prices for its products continue to surge amid strong AI demand. Here are SK Hynix's first-quarter results versus LSEG smart estimates, which are weighted toward forecasts from analysts who are more consistently accurate:. Operating profit: 37.61 trillion won vs. 37.92 trillion won. Revenue in the March quarter nearly tripled from the same period last year, surpassing 50 trillion won for the first time. Operating profit grew by a factor of five year-over-year and nearly doubled from the previous quarter, while operating margin also reached an all-time high of 72%.

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