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+--- Thread: (PR) SK Hynix Reports Third Quarter 2024 Financial Results (/showthread.php?tid=345)
(PR) SK Hynix Reports Third Quarter 2024 Financial Results - TechMaster89 - 10-30-2024
(PR) SK Hynix Reports Third Quarter 2024 Financial Results
SK hynix Inc. announced today that it recorded 17.5731 trillion won in revenues, 7.03 trillion won in operating profit (with an operating margin of 40%), and 5.7534 trillion won in net profit (with a net margin of 33%) in the third quarter this year. Quarterly revenues marked all-time high, exceeding the previous record of 16.4233 trillion won in the second quarter of this year by more than 1 trillion won. Operating profit and net profit also far exceeded the record of 6.4724 trillion won and 4.6922 trillion won in the third quarter of 2018 during the semiconductor super boom.
SK hynix emphasized that the demand for AI memory continued to be strong centered on data center customers, and the company marked its highest revenue since its foundation by expanding sales of premium products such as HBM and eSSD. In particular, HBM sales showed excellent growth, up more than 70% from the previous quarter and more than 330% from the same period last year. Read full story
https://www.techpowerup.com/328044/sk-hynix-reports-third-quarter-2024-financial-results