Nvidia-supplier SK Hynix third-quarter profit jumps 62% to a record high on AI-fueled memory demand

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South Korea’s SK Hynix

on Wednesday posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in generative AI chipsets.

Here are SK Hynix’s third-quarter results versus LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:

Revenue rose about 39% in the September quarter compared with the same period a year earlier, while operating profit surged 62%, year on year.