By Sweta Killa
Publication Date: 2026-04-24 10:01:00
On Thursday, SK Hynix reported blowout first-quarter results, saying demand tied to artificial intelligence helped push quarterly revenue past KRW 50 trillion ($33.7 billion) for the first time. The memory maker also laid out plans for new DRAM and NAND products to dominate the memory market.
Nvidia-supplier SK Hynix recorded KRW 52.58 trillion ($35.57 billion) in revenue, up 60% from the fourth quarter and 198% from the year-ago quarter. This is the first time the company has surpassed 50 trillion won in quarterly revenue.
Operating profit reached a record high of KRW 37.6 trillion ($25.4 billion) with an operating margin of 72%. Operating profit jumped fivefold from the year-ago quarter and has nearly doubled from the fourth quarter of 2025, clearly demonstrating improving profitability.
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Management attributed the surge to customers continuing to fund AI infrastructure even as the first quarter is typically slower for the industry. SK Hynix said it sold more high-end products, pointing to HBM, larger server DRAM modules, and enterprise SSDs.
Looking ahead, the South Korean memory giant said it expects memory demand to expand across DRAM and NAND as AI shifts from model training toward real-time inference across services. The company said it expects pricing to stay supportive in both DRAM and NAND flash. It also pointed to memory-efficiency technologies as a potential catalyst that could make AI services cheaper to run and therefore…
