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+--- Thread: (PR) SK Hynix Announces 2Q24 Financial Results (/showthread.php?tid=259)
(PR) SK Hynix Announces 2Q24 Financial Results - TechMaster89 - 07-31-2024
(PR) SK Hynix Announces 2Q24 Financial Results
SK hynix Inc. announced today that it recorded 16.4233 trillion won in revenues, 5.4685 trillion won in operating profit (with an operating margin of 33%), and 4.12 trillion won in net profit (with a net margin of 25%) in the second quarter. Quarter revenues marked all-time high, far exceeding the previous record of 13.811 trillion won in the second quarter of 2022. Operating profit also increased significantly, marking 5 trillion won for the first time in 6 years since the second quarter (5.5739 trillion won) and the third quarter (6.4724 trillion won) of 2018 during the semiconductor super boom.
The company said that continuous rise in overall prices of DRAM and NAND products with strong demand for AI memories including HBM led to 32% increase in revenues compared to the previous quarter. Also, with the sales for premium products on the rise and exchange rate effects adding, the operating profit ratio in the second quarter rose 10 percentage points from the previous quarter to 33%, performing to market expectations. Read full story
https://www.techpowerup.com/324890/sk-hynix-announces-2q24-financial-results