SK hynix Inc

Latest Results (23.05.2024):

Revenue and Profit Highlights

In the first quarter of 2024, SK hynix Inc. reported a significant financial performance with revenues reaching 12.43 trillion won, marking an all-time high for a first quarter. The company also recorded an operating profit of 2.886 trillion won and a net profit of 1.917 trillion won, indicating robust profitability and efficient operations.

NAND Business Turnaround

During the first quarter of 2024, SK hynix Inc. experienced a notable turnaround in its NAND business, primarily driven by increased sales of eSSD products and a rise in average selling prices. This improvement is a positive shift following previous challenges in the NAND sector.

Future Outlook and Investments

Looking ahead, SK hynix Inc. is optimistic about the memory market's growth, particularly with rising demand for AI memory. The company plans substantial investments in new facilities like the M15X fab in Cheongju and advanced packaging facilities in Indiana, aiming to boost DRAM production and maintain industry leadership.

Technological Advancements

SK hynix Inc. continues to lead in technological innovations, with plans to introduce 32Gb DDR5 products and expand its high-capacity server DRAM market. The company has also started mass production of HBM3E, enhancing its competitive edge in the high-performance memory sector.

Capital Expenditure and Financial Strategy

The company has revised its capital expenditure for 2024 upwards, reflecting its commitment to meeting increasing customer demand and improving financial soundness. SK hynix Inc.'s strategic investments are expected to support sustained growth in the global memory market and enhance overall financial performance.