Nvidia supplier SK Hynix posts record quarterly profit, beating expectations

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Nvidia supplier SK Hynix posts record quarterly profit, beating expectations

SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023.

Jakub Porzycki | Nurphoto | Getty Images

South Korea’s SK Hynix, one of the world’s largest memory chipmakers, on Thursday posted a record quarterly profit, boosted by strong sales of its high bandwidth memory (HBM) used in generative AI chipsets.

Here are SK Hynix’s third-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:

• Revenue: 17.57 trillion won ($12.7 billion) vs. 18.11 trillion won
• Operating profit: 7.03 trillion won ($5.08 billion) vs. 6.8 trillion won

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