SK Hynix quarterly profit soars 158% to top estimates as chip demand surges on AI boom

Illustration of the SK Hynix company logo seen displayed on a smartphone screen. South Korea's SK Hynix on Thursday topped quarterly revenue and operating profit estimates, with demand for its high bandwidth memory offerings used in generative artificial intelligence chipsets remaining robust. Here are SK Hynix's first-quarter results versus LSEG SmartEstimates: Revenue: 17.64 trillion won ($12.36 billion) vs. 17.26 trillion won 17.64 trillion won ($12.36 billion) vs. 17.26 trillion won Operating profit: 7.44 trillion won vs. 6.62 trillion won Revenue rose about 42% in the March quarter compared with the same period a year earlier, while operating profit surged 158%, year on year. On a quarter-on-quarter basis, revenue dropped 11%, while operating profit fell 8% from a record high in the December quarter. The company warned that macroeconomic uncertainties including tariff policy have created demand volatility that will impact the second half of the year. SK Hynix is a leading ... Read full article.