SK Hynix quarterly benefit soars 158% to most sensible estimates as chip call for surges on AI increase

South Korea’s SK Hynix on Thursday crowned quarterly income and running benefit estimates, with call for for its top bandwidth reminiscence choices utilized in generative AI chipsets ultimate powerful.

Here are SK Hynix’s first-quarter effects as opposed to LSEG SmartEstimates:

• Revenue: 17.64 trillion gained ($12.36 billion) vs. 17.26 trillion gained
• Operating benefit: 7.44 trillion gained vs. 6.62 trillion gained

Revenue rose about 42% within the March quarter when put next with the similar duration a yr previous, whilst running benefit surged 158%, yr on yr.

On a quarter-on-quarter foundation, income dropped 11%, whilst running benefit fell 8%.

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