South Korean memory chip giant SK Hynix posted yet another quarter of record profit and revenue on Thursday, as prices for its products continue to surge amid strong AI demand.
Here are SK Hynix’s first-quarter results versus LSEG smart estimates, which are weighted toward forecasts from analysts who are more consistently accurate:
Revenue surpassed 50 trillion won for the first time on a quarterly basis in the March quarter, while operating profit nearly doubled from the previous quarter.
SK Hynix makes memory chips used to store data, which are found in everything from servers to smartphones and laptops.
The company has benefited from a boom in artificial intelligence demand as the world’s leading supplier of high-bandwidth memory, or HBM, used in AI datacenters.
