Trending Now - SK Hynix Sees Record Revenue Surge Amid Memory Price Boom
WHO:
Bloomberg - Tom Kang, Research Director at Counterpoint
CNBC - Dylan Butts
WHAT:
CNBC - SK Hynix's revenue in the March quarter nearly tripled from the same period last year, surpassing 50 trillion won for the first time.
CNBC - SK Hynix's operating margin reached an all-time high of 72%.
CNBC - The company reported that operating profit rose fivefold year-over-year and nearly doubled from the previous quarter.
CNBC - SK Hynix stated, "Despite the fact that first quarter is typically a seasonal downturn, strong demand persisted due to expanded investments in AI infrastructure."
CNBC - An SK Hynix executive noted, "The importance of memory has become greater than ever ... as this supply-demand imbalance persists, customers are prioritizing procurement over price."
Reuters - SK Hynix plans to invest 19 trillion won ($12.85 billion) in a new manufacturing plant in South Korea for advanced packaging to meet AI demand for high bandwidth memory (HBM).
Bloomberg - SK Hynix reported a five-fold jump in quarterly profit.
CNBC - SK Hynix reported Q1 revenue up 198% year-over-year to approximately $35.55 billion, compared to an estimated $36.2 billion.
CNBC - SK Hynix's operating profit increased 405% year-over-year to approximately $25.4 billion, compared to an estimated $25.6 billion.
CNBC - The company achieved record profit and revenue for another quarter.
WHERE:
CNBC - South Korea
WHEN:
Reuters - Construction of the new manufacturing plant is set to start in April 2026.
CNBC - The financial results were reported on Thursday, April 21st, 2026.
WHY:
CNBC - The surge in revenue and profit is attributed to rising memory prices amid strong demand for artificial intelligence products.
HOW:
CNBC - SK Hynix's HBM technology falls into the broader category of dynamic random access memory (DRAM), used to store data and program code in various devices.
Bloomberg - SK Hynix plans to increase its capital expenditures in 2026.
(UPDATED April 23, 2026 15:36 UTC)
SK Hynix has reported impressive financial results for the March quarter, with revenue nearly tripling from the same period last year, surpassing 50 trillion won for the first time. The company also achieved an all-time high operating margin of 72%, and its operating profit rose fivefold year-over-year while nearly doubling from the previous quarter. An executive from SK Hynix emphasized that despite the typical seasonal downturn in the first quarter, strong demand driven by expanded investments in AI infrastructure has led customers to prioritize procurement over price amid a persistent supply-demand imbalance.
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(UPDATED April 23, 2026 05:45 UTC)
SK Hynix has announced plans to invest 19 trillion won, which is about 12.85 billion dollars, in a new manufacturing plant in South Korea focused on advanced packaging to meet the growing demand for high bandwidth memory driven by artificial intelligence. Construction of this new facility is scheduled to begin in on Monday26. This investment marks a significant step in enhancing the company's capabilities in the rapidly evolving tech landscape.
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(UPDATED April 23, 2026 04:06 UTC)
SK Hynix has reported a remarkable five-fold increase in quarterly profit, with Q1 revenue soaring by 198% year-over-year to approximately $35.55 billion, just shy of the estimated $36.2 billion. The company's operating profit also jumped 405% to around $25.4 billion, compared to an estimate of $25.6 billion, marking another quarter of record profit and revenue. This surge is largely attributed to rising memory prices driven by strong demand for artificial intelligence products, and SK Hynix plans to boost its capital expenditures throughout 2026.