Nvidia supplier SK Hynix second-quarter profit and revenue hit record highs, topping estimates

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The SK Hynix Inc. logo is displayed connected a solid doorway astatine the company's bureau successful Seoul, South Korea, connected Monday, Jan. 27, 2014. SK Hynix aims to prime a U.S. tract for its precocious spot packaging works and interruption crushed determination astir the archetypal 4th of adjacent year.

SeongJoon Cho | Bloomberg | Getty Images

South Korea's SK Hynix connected Thursday posted grounds operating nett and revenue in the 2nd 4th connected sustained request for its precocious bandwidth representation exertion utilized successful generative AI chipsets. 

Here are SK Hynix's second-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are much consistently accurate: 

  • Revenue: 22.23 trillion won vs. 20.56 trillion won
  • Operating profit: 9.21 trillion won vs. 9 trillion won

Revenue roseate astir 35% successful the June 4th compared with the aforesaid play a twelvemonth earlier, portion operating nett roseate implicit 68%, twelvemonth connected year.

On a quarter-on-quarter basis, gross roseate 26%, portion operating nett jumped 24%.

The institution said successful a connection that it enjoyed beardown request and favorable pricing conditions successful the archetypal fractional of the year. SK Hynix added that determination was a debased likelihood of crisp request corrections for the remainder of 2025, owed to unchangeable lawsuit inventory levels and expected request from caller merchandise launches.

SK Hynix is simply a starring supplier of dynamic random entree representation — a benignant of volatile semiconductor representation commonly recovered successful PCs, workstations and servers that is utilized to store information and programme code.

Much of the company's caller occurrence tin beryllium credited to its concern successful precocious bandwidth memory, oregon HBM — a benignant of DRAM utilized successful artificial quality servers. 

SK Hynix has established itself arsenic the planetary person successful HBM, supplying clients specified arsenic U.S. AI darling Nvidia. 

Micron Technology and Samsung Electronics are the different representation players seeking to drawback up to SK Hynix successful the HBM space. However, analysts expect SK Hynix's dominance to persist done this year.

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