Nvidia provider SK Hynix posts document quarterly revenue, beating expectations


SK Hynix brand displayed on a cellphone display as seen on this illustration photograph taken in Krakow, Poland on January 30, 2023.

Jakub Porzycki | Nurphoto | Getty Photos

South Korea’s SK Hynix, one of many world’s largest reminiscence chipmakers, on Thursday posted a document quarterly revenue, boosted by robust gross sales of its excessive bandwidth reminiscence (HBM) utilized in generative AI chipsets.

Listed here are SK Hynix’s third-quarter outcomes in contrast with LSEG SmartEstimate, which is weighted towards forecasts from analysts who’re extra persistently correct:

  • Income: 17.57 trillion received ($12.7 billion) vs. 18.11 trillion received
  • Working revenue: 7.03 trillion received ($5.08 billion) vs. 6.8 trillion received

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