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SK Hynix posts record first-quarter profit, in line with estimates as memory prices climb

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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.

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Summary

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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