SK Hynix, the world's 2nd biggest memory chip maker, returned to profit in Q1 with a ₩2.89 trillion won (US$2.1 billion) operating profit, its highest in nearly 2 years. The company reported Q1 revenue of ~$9B, more than doubling YoY, and operating income of ~$2B, above estimates of ~$1.3B. This marks the biggest quarterly profit since 2022, driven by explosive sales for advanced memory chips, including HBM memory used in generative AI chipsets. SK Hynix expects full chip recovery after the Q1 earnings surprise on the AI boom.
SK hynix reports record Q1 with soaring demand for HBM chips https://t.co/HmxWSf7LOe
SK Hynix rebounds from losses with surging AI demand #AI #AIserverproducts #artificialintelligence #DDR5products #DRAM #Electronics #HBM3E #HBM4chips #llm #machinelearning #netprofit #revenue #SKhynix https://t.co/bdCb22KdO3 https://t.co/mAetlsBUJ8
SK hynix breaks Q1 revenue records on back of AI boom https://t.co/csay6nOhWa
🤖🇰🇷 SK Hynix, an Nvidia supplier, pulls a thrilling turnaround from losses to 1.92 trillion KRW profit due to booming AI demand making for a victorious Q1! 📈👏 https://t.co/aKq2vzCprG
Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand https://t.co/TjeqYC4yVE
SK hynix just reported its explosive sales & profit. SK hynix is leading HBM3 production as a primary supplier for NVIDIA (H100 and GH200) $NVDA https://t.co/aOT7e2kitG
SK Hynix reports Q1 revenue of ~$9B, more than doubling YoY, and ~$2B in operating income, above estimates of ~$1.3B and the biggest quarterly profit since 2022 (@yoolimleenews / Bloomberg) https://t.co/PRrZIUoM8p 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/yXMpZL1qiU
SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom https://t.co/rb5VTcUXkf https://t.co/nNnF5DKzrD
SK Hynix reported its highest profit in nearly 2-years on explosive sales for advanced memory chips, including HBM memory used in generative AI chipsets, Reuters reports. The world’s 2nd biggest memory chip maker reported a ₩2.89 trillion won (US$2.1 billion) operating profit…
SK Hynix returned to profit in Q1 on AI chip leadership https://t.co/00ooaaJfRb
SK Hynix Returns to Net Profit After Five-Quarter Losing Streak https://t.co/W9JvaxpdFW
BREAKING: SK Hynix returned to profit in Q1 on AI chip leadership. https://t.co/sOqxghLH5c