SK hynix Reports Strong Q3 Results with Significant Revenue Growth and Positive Q4 Outlook
SK hynix has reported its third-quarter financial results, highlighted by a massive 328% year-over-year increase in revenue, reaching KRW 104.6 trillion. The company achieved a GAAP Earnings Per Share (EPS) of KRW 54,454, driven largely by strong performance in the memory sector. In terms of product specifics, DRAM billings grew approximately 10% quarter-over-quarter despite a high average selling price (ASP) decrease of roughly 20%. Conversely, NAND saw a slight decrease in billings but benefited from a significant mid-20% increase in ASP. Looking ahead to Q4, the company expects continued momentum with DRAM billings projected to rise by mid-20% quarter-over-quarter and the expansion of 1cnm technology.
Tickers: $SKHYV
Topics: DRAM earnings report guidance NAND revenue growth
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