SK hynix logs record Q3 operating profit of $62.8 bil.

SK hynix, the South Korean memory chip giant, announced on Wednesday that it achieved a record third-quarter operating profit of $62.8 billion in its latest financial quarter. The company's regulatory filing revealed that revenue and operating profit for the July-September period amounted to 104.6 trillion won and 83.33 trillion won, respectively. This marked a remarkable 328 percent year-on-year growth in revenue and an astounding 632 percent increase in operating profit.

The company's quarterly revenue surpassed the 100 trillion won mark for the first time, breaking its own record. SK hynix's operating profit margin reached an impressive 80 percent during the three-month period. Analysts had estimated the company's sales at 98.23 trillion won and operating profit at 76.96 trillion won, underscoring the magnitude of the actual figures.

SK hynix's surge in profitability can be attributed to the growing shipments of high bandwidth memory 4 (HBM4) and a substantial rise in server memory sales. The company's DRAM business, which relies heavily on DRAM chips, experienced a significant boost due to these positive trends. Additionally, NAND flash memory sales, particularly of enterprise solid-state drives (eSSDs), also contributed to the sustained growth of SK hynix's high-value-added products catering to data centers.