SK hynix Announces 3Q24 Financial Results
SK hynix reported record-breaking Q3 2024 financial results with revenues of 17.5731 trillion won, operating profit of 7.03 trillion won (40% margin), and net profit of 5.7534 trillion won (33% margin). The company's success was driven by strong AI memory demand, with HBM sales increasing over 70% QoQ and 330% YoY. HBM represented 30% of DRAM revenues in Q3 and is expected to reach 40% in Q4. Both DRAM and NAND average selling prices rose in the mid-10% range compared to the previous quarter.
SK hynix ha registrato risultati finanziari record per il terzo trimestre del 2024, con ricavi di 17.5731 trilioni di won, un utile operativo di 7.03 trilioni di won (margine del 40%) e un utile netto di 5.7534 trilioni di won (margine del 33%). Il successo dell'azienda è stato guidato da una forte domanda di memorie per intelligenza artificiale, con le vendite di HBM in aumento di oltre il 70% trimestre su trimestre e del 330% anno su anno. L'HBM ha rappresentato il 30% dei ricavi DRAM nel terzo trimestre ed è previsto che raggiunga il 40% nel quarto trimestre. Anche i prezzi medi di vendita di DRAM e NAND sono aumentati in un intervallo di metà del 10% rispetto al trimestre precedente.
SK hynix reportó resultados financieros récord en el tercer trimestre de 2024, con ingresos de 17.5731 billones de won, un beneficio operativo de 7.03 billones de won (margen del 40%) y un beneficio neto de 5.7534 billones de won (margen del 33%). El éxito de la empresa fue impulsado por una fuerte demanda de memoria para inteligencia artificial, con las ventas de HBM aumentando más del 70% en comparación con el trimestre anterior y un 330% en comparación con el año anterior. HBM representó el 30% de los ingresos de DRAM en el tercer trimestre y se espera que alcance el 40% en el cuarto trimestre. Tanto los precios promedio de venta de DRAM como de NAND aumentaron en el rango medio del 10% en comparación con el trimestre anterior.
SK hynix는 2024년 3분기 재무 결과에서 17.5731조 원의 수익, 7.03조 원의 운영 이익(40% 마진), 5.7534조 원의 순이익(33% 마진)을 기록했습니다. 회사의 성공은 인공지능 메모리에 대한 강한 수요에 의해 이루어졌으며, HBM 판매는 전 분기 대비 70% 이상, 전년 대비 330% 증가했습니다. HBM은 3분기 DRAM 수익의 30%를 차지했으며, 4분기에는 40%에 이를 것으로 예상됩니다. DRAM과 NAND의 평균 판매 가격도 이전 분기 대비 중간 10% 범위에서 상승했습니다.
SK hynix a rapporté des résultats financiers record pour le troisième trimestre 2024, avec des revenus de 17.5731 billions de wons, un bénéfice d'exploitation de 7.03 billions de wons (marge de 40%) et un bénéfice net de 5.7534 billions de wons (marge de 33%). Le succès de l'entreprise a été soutenu par une forte demande en mémoire pour l'IA, les ventes de HBM ayant augmenté de plus de 70% par rapport au trimestre précédent et de 330% par rapport à l'année précédente. HBM représentait 30% des revenus DRAM au cours du troisième trimestre et devrait atteindre 40% au quatrième trimestre. Les prix de vente moyens de DRAM et NAND ont également augmenté d'environ 10% par rapport au trimestre précédent.
SK hynix meldete Rekordgewinne für das dritte Quartal 2024 mit einem Umsatz von 17.5731 Billionen Won, einem Betriebsgewinn von 7.03 Billionen Won (40% Marge) und einem Nettogewinn von 5.7534 Billionen Won (33% Marge). Der Erfolg des Unternehmens wurde durch die hohe Nachfrage nach AI-Speichern angetrieben, wobei die HBM-Verkäufe im Vergleich zum Vorquartal um über 70% und im Vergleich zum Vorjahr um 330% gestiegen sind. HBM machte 30% des DRAM-Umsatzes im dritten Quartal aus und wird voraussichtlich 40% im vierten Quartal erreichen. Die durchschnittlichen Verkaufspreise von DRAM und NAND stiegen im mittleren 10%-Bereich im Vergleich zum vorherigen Quartal.
- Record quarterly revenue of 17.5731 trillion won, up 7% QoQ and 94% YoY
- Operating profit of 7.03 trillion won with 40% margin, up 29% QoQ
- HBM sales growth of 70% QoQ and 330% YoY
- Mid-10% increase in ASP for both DRAM and NAND
- HBM share of DRAM revenue expected to increase from 30% to 40% in Q4
- None.
- Revenues at
17.5731 trillion won , operating profit at7.03 trillion won , net profit at5.7534 trillion won – all reaching new records - Achieving best-ever quarterly performance with increasing high value-added product sales based on no.1 AI Memory technology
- Strong demand of memory for AI servers – HBM's share of DRAM revenues in Q3 marks
30% and forecast to be40% in Q4 - Company to lead the global AI memory market again next year promoting long-term growth by securing both business stability and profitability
Quarter revenues marked all-time high, exceeding the previous record of
SK hynix emphasized that the demand for AI memory continued to be strong centered on data center customers, and the company marked its highest revenue since its foundation by expanding sales of premium products such as HBM and eSSD. In particular, HBM sales showed excellent growth, up more than
As sales increased mainly on highly profitable premium products, the average selling price (ASP) of both DRAM and NAND rose in the mid
While the demand of memory for AI servers such as HBM and eSSD has grown noticeably this year, the company predicts that this trend will continue next year. This is because generative AI is developing into a multi-modal1 form and global big tech companies continue to invest to develop artificial general intelligence (AGI)2.
1Multi-modal: AI service that can understand multiple complex information such as text, photos, voice, video, etc. |
2Artificial General Intelligence: Artificial intelligence that implements human-like or higher intelligence with a computer |
SK hynix also forecasts that the PC and mobile product markets, which had been slow to recover demand compared to memory for AI servers, will be on a steady growth path as well next year as AI memories optimized for each device are released.
As a result, the company will continue to focus on profitability by increasing sales centered on high value-added products based on its world-leading technology in AI memory.
In the DRAM area, SK hynix is continuing the rapid transition from existing HBM3 to HBM3E 8-layer products. The company also plans to start supplying 12-layer HBM3E products, which were mass-produced last month, in the fourth quarter as scheduled. This makes HBM sales, which accounted for
For NAND, the company plans to expand sales of high-capacity eSSD, which is rapidly increasing market demand, while focusing on investment efficiency and production optimization.
"SK hynix has solidified its position as the world's No.1 AI memory company by achieving the highest business performance ever in the third quarter of this year." said Kim Woohyun, Vice President and Chief Financial Officer (CFO) at SK hynix. "We will continue to maximize profitability while securing stable revenues by taking flexible product and supply strategies in line with market demand."
- 3Q24 Financial Results (K-IFRS)
*Unit: Billion KRW | |||||
3Q24 | QoQ | YoY | |||
2Q24 | Change | 3Q23 | Change | ||
Revenues | 17,573.1 | 16,423.3 | 7 % | 9,066.2 | 94 % |
Operating | 7,030 | 5,468.5 | 29 % | -1,792 | Turn to profit |
Operating | 40 % | 33 % | -20 % | ||
Net Income | 5,753.4 | 4,120 | 40 % | -2,184.7 | Turn to profit |
- 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 October 24, 2024. Readers should not assume that this information remains operative at a later time.
About SK hynix Inc.
SK hynix Inc., headquartered in
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SOURCE SK hynix Inc.
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