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SK Hynix Q1 Profit Soars 5×, Wafer Shortage Looms

4/23/2026

Summary

SK Hynix Profits

SK Hynix reported Q1 revenue of 52.58 trillion won and profit of 37.61 trillion won.
Profit rose five-fold YoY, giving a record 72% operating margin.
The firm holds 57% of high-bandwidth memory and supplies Nvidia’s AI processors.
Chairman Chey Tae-won warned the wafer shortage could last until 2030 with >20% shortfall.
Analyst MS Hwang said AI inference demand exceeds expectations and warned Middle-East conflicts could disrupt helium supplies.

Summary

SK Hynix Swings

SK Hynix shares rose up to 3.6% in early South Korean trading on April 23, 2026.
The stock later fell to a 0.9% decline before the session ended.
The company reported first-quarter revenue of 52.58 trillion won ($35.55 billion), missing LSEG Smart estimates of 53.55 trillion won.
A SK Hynix flag and a South Korean national flag were displayed outside its Bundang office in Seongnam on Jan. 26, 2024, highlighting its national prominence.

Summary

SK Hynix Expands

SOCAMM2 production began April 20 for Nvidia’s Vera Rubin AI chips, delivering double bandwidth and 75% better efficiency.
ADR listing set for June-July after SK Hynix filed an F-1, targeting $10 billion memory expansion.
Analysts lifted price targets to 2 million won, from 1.1 million won, while TrendForce said DRAM contracts rose 90-95% QoQ and NAND Flash 55-60% QoQ.
The company will invest 19 trillion won ($12.85 billion) in a South Korean plant starting this month.

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SK Hynix Profits

SK Hynix reported Q1 revenue of 52.58 trillion won and profit of 37.61 trillion won.
Profit rose five-fold YoY, giving a record 72% operating margin.
The firm holds 57% of high-bandwidth memory and supplies Nvidia’s AI processors.
Chairman Chey Tae-won warned the wafer shortage could last until 2030 with >20% shortfall.
Analyst MS Hwang said AI inference demand exceeds expectations and warned Middle-East conflicts could disrupt helium supplies.

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