Nvidia-Supplier SK Hynix Smashes Records with $35 Billion Quarter As AI Demand Defies Seasonality
SK Hynix reported a record $35.57 billion in revenue for Q1, driven by AI demand, with operating profit reaching $25.4 billion. The company plans to introduce new DRAM and NAND products and expects memory demand to expand as AI shifts from model training to real-time inference.
SK Hynix reported a record-breaking first quarter with $35.57 billion in revenue, a 198% increase from the year-ago quarter. Operating profit reached $25.4 billion, with a 72% operating margin. The company attributed the surge to AI demand, particularly for high-end products like HBM and enterprise SSDs. SK Hynix plans to introduce new DRAM and NAND products, including LPDDR6 and 321-layer QLC cSSD. The company expects memory demand to expand as AI shifts from model training to real-time inference. SK Hynix is also hiring for new production roles and plans to file for a U.S. IPO in 2026 to raise up to $14 billion for new chip factories.
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