SK Hynix, Q2 Revenue 13 Trillion Won... "Record Highest Quarterly Sales" (Update)

[Asia Economy Reporter Yoo Hyun-seok] SK Hynix has achieved record-breaking quarterly sales along with operating profits exceeding 4 trillion won.

On the 27th, SK Hynix announced that its sales for the second quarter of this year reached 13.811 trillion won, operating profit was 4.1926 trillion won, and net profit was 2.8768 trillion won. These figures represent increases of 33.8%, 55.6%, and 44.7% respectively compared to the same period last year.

This is the first time SK Hynix has recorded quarterly sales exceeding 13 trillion won. The previous highest quarterly sales were 12.3766 trillion won, recorded in the fourth quarter of last year.

An SK Hynix official explained, "Although DRAM product prices declined in the second quarter, NAND prices rose, and overall sales volume increased, leading to higher sales. The continued strength of the US dollar and the addition of Solidigm's performance were also positive factors."

Additionally, the company recovered operating profits exceeding 4 trillion won and an operating profit margin in the 30% range within two quarters, following the fourth quarter of last year*. This was due to improved yields of the flagship 10-nanometer 4th generation (1a) DRAM and 176-layer 4D NAND, which enhanced profitability.

The company stated, "Despite challenging business conditions such as global inflation, the prolonged Russia-Ukraine war, and COVID-19 lockdowns in some regions of China, we place significance on achieving excellent business performance."

This content was produced with the assistance of AI translation services.