SK Hynix Inc. signage on the firm’s workplace in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is scheduled to launch earnings figures on April 25. Photographer: SeongJoon Cho/Bloomberg by way of Getty Pictures
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South Korea’s SK Hynix, one of many world’s largest reminiscence chipmakers, posted report quarterly earnings on Thursday, supported by robust gross sales of excessive bandwidth reminiscence (HBM) utilized in generative AI.
Listed here are SK Hynix’s fourth-quarter outcomes in contrast with LSEG SmartEstimate, which is weighted towards forecasts from analysts who’re extra constantly correct:
- Income: 19.77 trillion received ($13.7 billion) vs. 19.91 trillion received
- Working revenue: 8.08 trillion received ($5.6 billion) vs. 8.02 trillion received
Working revenue within the October-December quarter grew 15% 12 months over 12 months to a different record-high, as did income, which rose 12%.
The South Korean chipmaker has benefitted from a growth in synthetic intelligence servers and is a key provider to Nvidia.
“SK Hynix emphasised that with extended robust demand for AI reminiscence, the corporate achieved [an] all-time excessive consequence via world-leading HBM know-how and profitability-oriented operation,” the corporate stated in its earnings release.
HBM is a kind of dynamic random entry reminiscence, or DRAM, through which chips are vertically stacked to save lots of house and scale back energy consumption. The know-how is usually utilized in merchandise resembling laptops and PCs.
SK Hynix, Micron Technology and Samsung Electronics are the three high producers of HBM chips.
The robust fourth-quarter numbers conclude a 12 months that noticed the corporate attain report yearly income, exceeding the earlier excessive in 2022 by over 21 trillion received.
In the meantime, working revenue, beat a report set in 2018 throughout a “tremendous growth” within the semiconductor trade.
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