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Will SK Hynix Q3 DRAM shipments rise by low single-digit percentages?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
SK Hynix Q3 2024 financial report
Story
SK Hynix Reports Highest Quarterly Profit in Six Years with $11.9 Billion Revenue on AI Chip Boom
Jul 24, 2024, 11:34 PM
SK Hynix has reported its highest quarterly profit in six years, driven by robust sales of AI chips. The company, a key supplier to Nvidia, saw its Q2 profit soar due to the booming demand for advanced DRAM chips, particularly high-bandwidth memory. Quarterly revenue more than doubled to $11.9 billion, stoking hopes that the global AI hardware boom will persist. The average selling price for DRAM increased by mid-teen percentages compared to Q1, while NAND prices rose by mid-high teen percentages. SK Hynix expects Q3 DRAM shipments to rise by low single-digit percentages and Q3 NAND shipments to fall by mid single-digit percentages. The company also anticipates its capital expenditure for the year to exceed earlier plans. This marks the third consecutive quarterly profit for the South Korean company.
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SK Hynix grows more • 25%
Samsung Electronics grows more • 25%
Both grow equally • 25%
Both decline • 25%
1st • 25%
2nd • 25%
3rd • 25%
4th or lower • 25%
HBM Chip Sales • 25%
DRAM Sales • 25%
NAND Sales • 25%
Other • 25%
More than 15% • 25%
10-15% • 25%
5-10% • 25%
Less than 5% • 25%