SK hynix Q1 profit nearly doubles from last best Q4 to record $25 bn

By Candice Kim Posted : April 23, 2026, 07:59 Updated : April 23, 2026, 07:59
SK hynix's headquarters located in Icheon/ Yonhap
 
SEOUL, April 23 (AJP) - SK hynix, a front-runner in high-bandwidth memory (HBM) chips designed for AI accelerators, delivered its best-yet quarter ended March with its three-month operating profit nearly doubled from the previous best and its top-line also at a record high. 

According to its disclosure Thursday, SK hynix’s quarterly operating profit of 37.61 trillion won ($25.4 billion) came in well above the market consensus of 34.9 trillion won compiled by FnGuide, nearly doubling its previous quarterly high of 19.17 trillion won in the fourth quarter of 2025 and 405 percent from a year ago. 

The red-hot performance follows a strong earnings signal from rival Samsung Electronics, which earlier projected first-quarter operating profit of 57.2 trillion won, surpassing its full-year 2025 income of 43.6 trillion won. 

The unprecedented earnings underscore SK hynix’s pricing power and dominance in the HBM segment, where demand has surged alongside the rapid expansion of artificial intelligence infrastructure by global hyperscalers.
 
Revenue also hit a record of 52.57 trillion won, rising 60 percent from the previous quarter and 198 percent from a year earlier.

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