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SK Hynix projects record Q2 2024 revenue and profit
SK Hynix is expected to post its strongest second‑quarter results ever, with analyst consensus forecasting revenue of about 84 trillion KRW and operating profit of roughly 64 trillion KRW. The company will release its Q2 2024 earnings on 29 April, a week ahead of other Korean semiconductor peers. The outlook reflects robust demand for AI‑driven data‑center servers and high‑bandwidth memory (HBM), which have lifted margins across the sector.
Industry observers note that the forecasted profit margin of around 76 % would surpass the prior quarter’s 71 % and exceed benchmarks set by peers such as TSMC. SK Hynix’s chairman, Choi Tae‑won, highlighted ongoing collaborations with major U.S. tech firms on AI infrastructure, underscoring the company’s strategic focus on high‑value memory products.
Entities
Bank of Korea · Choi Tae‑won · LG Innotek Co., Ltd. · SK Hynix Co., Ltd. · Samsung Electronics Co., Ltd. · Samsung Electro‑Mechanics Co., Ltd.
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] SK Hynix's Q2 2024 revenue forecast is about 84.2 trillion KRW. www.hani.co.kr
- [● 2 SOURCES] SK Hynix's Q2 2024 operating profit forecast is about 64.2 trillion KRW. www.hani.co.kr
- [○ 1 SOURCE] Bank of Korea projects China's share of Korean semiconductor exports to fall to 40.3% by 2025. www.hani.co.kr
- [○ 1 SOURCE] AI server demand is driving higher margins for MLCCs, with unit profit of about 5.4 KRW versus 0.2 KRW for standard MLCCs. biz.heraldcorp.com
- [○ 1 SOURCE] Samsung Electro‑Mechanics expects 2024 annual operating profit around 1 trillion KRW. biz.heraldcorp.com
- [○ 1 SOURCE] Samsung Electronics posted provisional Q2 results of 171 trillion KRW sales and 89.4 trillion KRW operating profit.
- [○ 1 SOURCE] LG Innotek expects 2024 annual operating profit around 1 trillion KRW. biz.heraldcorp.com
- [○ 1 SOURCE] Bank of Korea projects Taiwan's share of Korean semiconductor exports to rise to 19.9% by 2025, overtaking China. www.hani.co.kr
- [● 2 SOURCES] SK Hynix will announce its Q2 2024 earnings on 29 April 2024. www.hani.co.kr