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SK Hynix Q1 2026 Financial Results Show Record Profitability Amid AI Demand Surge

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SK Hynix Inc. reported 52.5763 trillion won in Q1 2026 revenues, with 37.6 trillion won operating profit (72% margin) and 40.3459 trillion won net profit (77% margin). These records mark a 50-trillion-won quarterly revenue milestone and doubled operating profit compared to prior quarters. The surge stems from booming AI infrastructure investments driving demand for high-margin products like HBM, server DRAM, and eSSDs. Operating profit nearly doubled sequentially, defying seasonal downturns.

The company emphasized expanding memory efficiency technologies to sustain AI service growth, forecasting continued favorable pricing for DRAM and NAND flash. Strategic moves include ramping LPDDR6 shipments, 192 GB SOCAMM2 production, and CTF-based 321-layer QLC cSSDs. Partnerships with Solidigm aim to bolster AI data center and PC storage competitiveness. Cash reserves hit 54.3 trillion won, while debt dropped to 19.3 trillion won, enabling a 35-trillion-won net cash position.

Investments in M15X production and EUV equipment underscore efforts to secure supply chain stability amid rising AI-driven demand.