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SK hynix Inc. (000660.KS)
| Previous close | 170,600.00 |
| Open | 176,200.00 |
| Bid | 177,300.00 x 0 |
| Ask | 177,400.00 x 0 |
| Day's range | 174,900.00 - 178,000.00 |
| 52-week range | 85,000.00 - 191,400.00 |
| Volume | |
| Avg. volume | 4,307,443 |
| Market cap | 122.436T |
| Beta (5Y monthly) | 0.90 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | 24 Jul 2024 - 29 Jul 2024 |
| Forward dividend & yield | 1,200.00 (0.70%) |
| Ex-dividend date | 28 Mar 2024 |
| 1y target est | 217,067.00 |
PR NewswireSK hynix Announces 1Q24 Financial Results
SK hynix Inc. (or "the company", www.skhynix.com) announced today that it recorded 12.43 trillion won in revenues, 2.886 trillion won in operating profit (with an operating margin of 23%), and 1.917 trillion won in net profit (with a net margin of 15%) in the first quarter.
ReutersNvidia supplier SK Hynix expects full chip recovery after strong earnings on AI boom
SEOUL (Reuters) -South Korea's SK Hynix Inc said it expected a full recovery in memory chips on AI demand, posting its highest profit in nearly two years on sales of advanced DRAM chips with high bandwidth memory (HBM) for use in generative AI chipsets. "The memory market is entering into full recovery cycle with ongoing strength of AI demand," SK Hynix said. With chipmakers focusing production capacity more on chips to meet AI-driven demand, there may be a shortage of regular memory chips for smartphones, personal computers and network servers by year-end if demand for tech devices exceeds expectations, Hynix said.
- Reuters
UPDATE 2-SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom
South Korea's SK Hynix Inc said it expected a full recovery in memory chips on AI demand, after posting its highest profit in nearly two years on massive sales of its advanced DRAM chips such as high bandwidth memory (HBM) used in generative AI chipsets. The world's second-biggest memory chipmaker and Nvidia supplier reported a 2.89 trillion won ($2.1 billion) operating profit for the January-March quarter versus a loss of 3.4 trillion won a year earlier. "The memory market is entering into full recovery cycle with ongoing strength of AI demand," SK Hynix said.
