(LEAD) SK hynix-Q1 earnings
(LEAD) SK hynix logs record profit in Q1 on AI chip boom
(ATTN: RECASTS headline, lead; ADDS details throughout)
SEOUL, April 23 (Yonhap) -- SK hynix Inc. said Thursday its revenue and profits for the first quarter reached record highs, driven by robust demand for high bandwidth memory (HBM) and other memory segments.
Net profit came to 40.34 trillion won (US$27.3 billion) for the January-March period, up 397.6 percent from a year earlier, according to the company's regulatory filing.
Its operating income soared 405.5 percent on-year to 37.61 trillion won. Sales shot up 198.1 percent to 52.57 trillion won.
The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 31.95 trillion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
SK hynix attributed the sharp growth to a rise in global prices of dynamic random access memory (DRAM), coupled with strong demand for high-end products in the AI server industry.
This file photo taken Jan. 29, 2026, shows the sign of SK hynix Inc. at the company's headquarters in Icheon, some 50 kilometers southeast of Seoul. (Yonhap)
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