Hardware · Updated 28 Oct, 10:15 am IST
SK hynix Q3 operating profit jumps 632% on AI-driven memory demand
Why it matters for readers: If you're following AI, this illustrates how hardware companies profit from increased AI infrastructure demand.
- SK hynix's Q3 operating profit rose 632% year-on-year to 83.33 trillion won.1
- Net profit for July–September increased 215.7% to 39.77 trillion won while sales reached 104.61 trillion won.1
- The company said AI-driven demand for high-bandwidth memory and storage (DRAM and NAND) was the main driver of the results.1
- SK hynix supplies high-bandwidth memory to Nvidia and said a 'virtuous cycle' of AI adoption is boosting its market.1
- Despite record revenue and operating profit for six straight quarters, earnings missed some analyst net-profit expectations.1
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