SK hynix Announces 1Q25 Financial Results
SK hynix reported strong Q1 2025 financial results with revenues of 17.6391 trillion won and operating profit of 7.4405 trillion won, marking their second-highest quarterly performance. The company achieved a net profit of 8.1082 trillion won with a 46% net margin.
The operating margin improved to 42%, marking the eighth consecutive quarter of growth. The company's success was driven by increased memory market demand for AI systems and inventory accumulation. Notable achievements include expanded sales of 12-layer HBM3E and DDR5 products.
Cash and cash equivalents rose to 14.3 trillion won, improving debt and net debt ratios to 29% and 11% respectively. The company expects HBM demand to double compared to last year, with 12-layer HBM3E projected to represent over 50% of total HBM3E revenues in Q2 2025.
SK hynix ha riportato risultati finanziari solidi nel primo trimestre 2025, con ricavi per 17,6391 trilioni di won e un utile operativo di 7,4405 trilioni di won, segnando la loro seconda migliore performance trimestrale. L'azienda ha raggiunto un utile netto di 8,1082 trilioni di won con un margine netto del 46%.
Il margine operativo è migliorato al 42%, segnando l'ottavo trimestre consecutivo di crescita. Il successo dell'azienda è stato trainato da una maggiore domanda nel mercato della memoria per sistemi di intelligenza artificiale e dall'accumulo di scorte. Tra i risultati degni di nota, l'espansione delle vendite di prodotti HBM3E a 12 strati e DDR5.
La liquidità e le disponibilità liquide sono salite a 14,3 trilioni di won, migliorando i rapporti di indebitamento e indebitamento netto rispettivamente al 29% e all'11%. L'azienda prevede che la domanda di HBM raddoppierà rispetto all'anno scorso, con il 12-layer HBM3E che dovrebbe rappresentare oltre il 50% dei ricavi totali da HBM3E nel secondo trimestre 2025.
SK hynix informó sólidos resultados financieros en el primer trimestre de 2025, con ingresos de 17,6391 billones de won y una ganancia operativa de 7,4405 billones de won, marcando su segundo mejor desempeño trimestral. La compañía logró una ganancia neta de 8,1082 billones de won con un margen neto del 46%.
El margen operativo mejoró a 42%, registrando el octavo trimestre consecutivo de crecimiento. El éxito de la empresa fue impulsado por una mayor demanda del mercado de memorias para sistemas de inteligencia artificial y la acumulación de inventarios. Logros destacados incluyen la expansión en ventas de productos HBM3E de 12 capas y DDR5.
El efectivo y equivalentes de efectivo aumentaron a 14,3 billones de won, mejorando las ratios de deuda y deuda neta a 29% y 11%, respectivamente. La compañía espera que la demanda de HBM se duplique en comparación con el año pasado, con el HBM3E de 12 capas proyectado para representar más del 50% de los ingresos totales de HBM3E en el segundo trimestre de 2025.
SK하이닉스는 2025년 1분기에 매출 17조 6,391억 원과 영업이익 7조 4,405억 원을 기록하며 두 번째로 높은 분기 실적을 달성했습니다. 순이익은 8조 1,082억 원으로 순이익률은 46%에 달했습니다.
영업이익률은 42%로 개선되어 8분기 연속 성장세를 이어갔습니다. 회사의 성공은 AI 시스템용 메모리 시장 수요 증가와 재고 축적에 힘입은 결과입니다. 12단 HBM3E 및 DDR5 제품 판매 확대가 주요 성과로 꼽힙니다.
현금 및 현금성 자산은 14조 3천억 원으로 증가하여 부채비율과 순부채비율이 각각 29%, 11%로 개선되었습니다. 회사는 HBM 수요가 작년 대비 두 배로 증가할 것으로 예상하며, 12단 HBM3E가 2025년 2분기 HBM3E 전체 매출의 50% 이상을 차지할 것으로 전망하고 있습니다.
SK hynix a annoncé de solides résultats financiers pour le premier trimestre 2025, avec un chiffre d'affaires de 17,6391 trillions de won et un bénéfice opérationnel de 7,4405 trillions de won, marquant leur deuxième meilleure performance trimestrielle. La société a réalisé un bénéfice net de 8,1082 trillions de won avec une marge nette de 46 %.
La marge opérationnelle s'est améliorée à 42%, enregistrant ainsi huit trimestres consécutifs de croissance. Le succès de l'entreprise a été porté par une demande accrue sur le marché de la mémoire pour les systèmes d'IA et l'accumulation des stocks. Parmi les réalisations notables, l'expansion des ventes des produits HBM3E à 12 couches et DDR5.
Les liquidités et équivalents de trésorerie ont augmenté à 14,3 trillions de won, améliorant les ratios d'endettement et d'endettement net à 29 % et 11 % respectivement. La société prévoit que la demande de HBM doublera par rapport à l'année dernière, avec le HBM3E 12 couches qui devrait représenter plus de 50 % des revenus totaux de HBM3E au deuxième trimestre 2025.
SK hynix meldete starke Finanzergebnisse für das erste Quartal 2025 mit einem Umsatz von 17,6391 Billionen Won und einem operativen Gewinn von 7,4405 Billionen Won, was die zweithöchste Quartalsleistung darstellt. Das Unternehmen erzielte einen Nettogewinn von 8,1082 Billionen Won bei einer Nettomarge von 46%.
Die operative Marge verbesserte sich auf 42% und verzeichnete damit das achte Quartal in Folge Wachstum. Der Erfolg des Unternehmens wurde durch die gestiegene Nachfrage auf dem Speicherchipmarkt für KI-Systeme und Lagerbestandsaufbau angetrieben. Bemerkenswerte Erfolge sind die erweiterten Verkäufe von 12-lagigen HBM3E- und DDR5-Produkten.
Barmittel und Zahlungsmitteläquivalente stiegen auf 14,3 Billionen Won, wodurch sich die Verschuldungs- und Nettoverschuldungsquoten auf 29% bzw. 11% verbesserten. Das Unternehmen erwartet, dass die Nachfrage nach HBM sich im Vergleich zum Vorjahr verdoppeln wird, wobei der 12-lagige HBM3E im zweiten Quartal 2025 über 50% des gesamten HBM3E-Umsatzes ausmachen soll.
- Revenue reached 17.6391T won, second-highest quarterly record
- Operating profit of 7.4405T won with 42% margin, 8th consecutive quarterly growth
- Net profit increased 323% YoY to 8.1082T won
- Cash position improved to 14.3T won with reduced debt ratios
- HBM3E expected to represent over 50% of HBM3E revenues in Q2
- 11% QoQ decrease in revenue from 19.767T won
- 8% QoQ decline in operating profit from 8.0828T won
- Revenues at
17.6391 trillion won , operating profit at7.4405 trillion won , net profit at8.1082 trillion won - Both revenues, operating profit achieve 2nd highest quarterly records and operating margin improves for 8th consecutive quarters
- Company will strive to continue profit-centered growth based on AI memory leadership
Both revenues and operating profit are the 2nd highest records following last quarter when the company achieved its best quarterly results. Operating margin improved by
SK hynix explained that memory market ramped up faster than expected due to competition to develop AI systems and inventory accumulation demand. The company responded to the demand with an expansion in sales of high value-added products such as 12-layer HBM3E and DDR5.
The company believes the strong financial results despite a low seasonality reflect its outstanding competitiveness compared to the past. The company plans to focus on enhancing the business fundamentals to achieve distinguished financial outcome, even in times of market correction.
Based on the financial result, cash and cash equivalents increased by
SK hynix will continue to strengthen collaboration with supply chain partners to meet customer needs despite demand fluctuation amid global uncertainties.
Due to the characteristics of the HBM market that supply volume is mutually agreed a year in advance, the company maintains its earlier projection that HBM demand will approximately double compared to the last year. As a result, sales of 12-layer HBM3E are expected to favorably increase to account for over
In addition, the company started to supply LPCAMM2[1], high performance memory module for AI PC, to customers in the first quarter and plans to supply SOCAMM[2], a low-power DRAM module for AI servers, when demand ramps up.
[1] Low-Power Compression Attached Memory Module (LPCAMM2): LPDDR5X-based module solution that provides power efficiency and high performance as well as space savings. It has the performance effect of replacing two existing DDR5 SODIMMs with one LPCAMM2 |
[2] Small Outline Compression Attached Memory Module (SOCAMM): A low-power DRAM-based memory module for AI server |
For NAND, the company plans to actively respond to demand for high-capacity eSSD, while maintaining profitability-first operation with cautious approach for investment.
"In compliance with the 'Capex Discipline', SK hynix will focus on products with demand feasibility and profitability to enhance investment efficiency," said Kim Woohyun, Chief Financial Officer. "As an AI memory leader, we will strengthen collaboration with partners and carry out technological innovation in efforts to continue profit growth with industry-leading competitiveness."
1Q25 Financial Results (K-IFRS)
*Unit: Billion KRW | |||||
1Q25 | QoQ | YoY | |||
4Q24 | Change | 1Q24 | Change | ||
Revenues | 17,639.1 | 19,767.0 | -11 % | 12,429.6 | 42 % |
Operating Profit | 7,440.5 | 8,082.8 | -8 % | 2,886.0 | 158 % |
Operating Margin | 42 % | 41 % | 23 % | ||
Net Income | 8,108.2 | 8,006.5 | 1 % | 1,917.0 | 323 % |
* Financial information of the earnings is based on K-IFRS
* Please note that the financial results discussed herein are preliminary and speak only as of April 24, 2025. Readers should not assume that this information remains operative at a later time.
About SK hynix Inc.
SK hynix Inc., headquartered in
Media Contact
SK hynix Inc.
Global Public Relations
Technical Leader
Kanga Kong, Minseok Jang, Sooyeon Lee
E-Mail: global_newsroom@skhynix.com
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SOURCE SK hynix Inc.
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