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Benzinga
  • 5 minutes ago
SK Hynix reported a record quarter with revenue of 52.58 trillion won ($35.55B) and operating profit of 37.61 trillion won, up fivefold year over year. Operating margin hit a record 72%. March-quarter revenue nearly tripled year over year and exceeded 50 trillion won for the first time. SK Hynix's early lead in HBM and role as a key Nvidia supplier gives it an edge over rivals Micron and Samsung in the DRAM market.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02SK Hynix reported another record quarter of profit and revenue driven by rising chip prices amid
00:08strong AI demand, while earnings met estimates and revenue fell short of forecasts, according to CNBC.
00:14Revenue came in at $52.58 trillion, or $35.55 billion versus $53.55 trillion,
00:22while operating profit totaled $37.61 trillion compared to $37.92 trillion.
00:28March quarter revenue nearly tripled year-over-year and exceeded $50.01 trillion for the first time.
00:34Operating profit increased five-fold year-over-year and nearly doubled from the previous quarter,
00:38while operating margin reached a record 72%.
00:41SK Hynix produces memory chips that store data and are used in devices ranging from servers to
00:47smartphones and laptops. SK Hynix gained an edge over rivals like Micron and Samsung Electronics
00:53in the DRAM market through its early lead in HBM and its role as a key supplier to NVIDIA.
00:57Though competitors are working to close the gap.
01:00For all things money, visit Benzinga.com.
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