SK hynix posts record results as AI memory demand grows

SK hynix reported record quarterly revenue and operating profit in the third quarter, supported by rising prices for key products as demand for AI memory increased. Revenue reached 104.6155 trillion won, while operating profit totaled 83.3338 trillion won with an operating margin of 80%. Net profit was 39.7756 trillion won, representing a net margin of 38%. Revenue and operating profit increased by 32% and 38%, respectively, from the previous quarter.

Server DDR5 sales rose significantly, driving DRAM performance, while HBM4 shipments began in earnest. In NAND, sales of 321-layer TLC eSSD expanded as higher-value data center products continued to grow across the portfolio. SK hynix attributed its record performance to the competitiveness of these higher-value products alongside stronger market pricing.

The company also strengthened its cash position. Cash and cash equivalents reached 114.5 trillion won at the end of the third quarter, up 26.5 trillion won from the previous quarter. Borrowings fell by 2.8 trillion won to 15.8 trillion won, bringing net cash to 98.7 trillion won.