SK Hynix Inc. banner. At the company's office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is scheduled to release earnings numbers on April 25. Photographer: SeongJoon Cho/Bloomberg via Getty Images
Bloomberg | Bloomberg | Getty Images
South Korea SK HynixAmazon, one of the world's largest memory chip makers, reported record quarterly profits on Thursday, boosted by strong sales of high-bandwidth memory (HBM) used in generative artificial intelligence.
Here are SK Hynix's Q4 results compared to LSEG SmartEstimate, which are weighted according to consistently more accurate analyst forecasts:
- Revenue: 19.77 trillion won ($13.7 billion) versus 19.91 trillion won
- Operating profit: 8.08 trillion won ($5.6 billion) versus 8.02 trillion won
Operating profits in the October-December quarter rose 15% year over year to reach another record high, as did revenue, which rose 12%.
The South Korean chipmaker has benefited from the boom in AI servers and is its main supplier Nvidia.
“SK Hynix emphasized that with long-standing strong demand for AI memory, the company achieved an all-time high result with its world-leading HBM technology and profitability-oriented operation,” the company said in its statement. Earnings release.
HBM is a type of dynamic random access memory, or DRAM, where chips are stacked vertically to save space and reduce power consumption. This technology is often used in products such as laptops and personal computers.
SK Hynix, Micron technology and Samsung Electronics They are the three major manufacturers of HBM chips.
The strong fourth-quarter numbers conclude a year that saw the company reach record annual revenue, surpassing the previous record in 2022 by more than 21 trillion won.
Meanwhile, operating profits surpassed the record set in 2018 during the semiconductor industry's “super boom.”
