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Nvidia supplier SK Hynix second-quarter profit soars 69% to a record high, revenue also hits new highs
CNBCยท 2025-07-23 23:01
Company Performance - SK Hynix reported record operating profit and revenue in the second quarter, driven by sustained demand for high bandwidth memory technology used in generative AI chipsets [1] - Revenue increased by approximately 35% year-on-year in the June quarter, while operating profit rose by 68% [2] - On a quarter-on-quarter basis, revenue rose by 26% and operating profit jumped by 24% [2] - Revenue for the quarter was 22.23 trillion won compared to 20.56 trillion won, and operating profit was 9.21 trillion won compared to 9 trillion won [5] Industry Position - SK Hynix is a leading supplier of dynamic random access memory (DRAM), particularly in high bandwidth memory (HBM) used in artificial intelligence servers [3] - The company has established itself as the global leader in HBM, supplying major clients such as Nvidia [3] - Competitors like Micron Technology and Samsung Electronics are attempting to catch up in the HBM market, but analysts expect SK Hynix's dominance to continue through this year [4]