SK Hynix Inc (OTCPK:HXSCL)

$ 41.7111 0 (0%) Market Cap: 28.72 Bil Enterprise Value: 41.77 Bil PE Ratio: 56.01 PB Ratio: 2.31 GF Score: 85/100

Q3 2024 SK Hynix Inc Earnings Call Transcript

Oct 23, 2024 / 12:00 AM GMT

Release Date Price: $41.71

Transcript

Key Points

Positve

SK Hynix Inc (FRA:HY9H) achieved record revenue of KRW17.57 trillion in Q3 2024, driven by strong demand for memory products in data centers.
The company's operating profit increased by KRW1.56 trillion sequentially, reaching a record high of KRW7.03 trillion, with an operating profit margin of 40%.
Sales of high-margin products like HBM and enterprise SSDs expanded significantly, contributing to improved profitability.
The company reported a net profit of KRW5.5 trillion with a net profit margin of 33%, reflecting strong financial performance.
SK Hynix Inc (FRA:HY9H) has successfully secured long-term contracts for HBM products, ensuring stable demand and pricing visibility for 2025.

Negative

Demand recovery in conventional applications such as PCs and smartphones was delayed, impacting sales volume of conventional DRAM products.
The company faced a decline in shipment volume due to weak procurement demand from PC and mobile customers.
There is a potential risk of oversupply in the memory market due to aggressive capacity expansion by Chinese suppliers.
SK Hynix Inc (FRA:HY9H) is experiencing limitations in production capacity to meet the rapidly increasing demand for HBM products.
The company is carrying inventory for some products where demand is declining and prices are falling, which may impact future profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

000660.KS - SK Hynix Inc
Q3 2024 SK Hynix Inc Earnings Call
Oct 24, 2024 / 12:00AM GMT

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Presentation
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Unidentified Participant [1]
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No, if you have a question, please press star one on your keypad. Please note that the presentation will be simultaneously and the Q&A session will be translated consecutively. With that, we will now begin with SK Hynix's presentation. Good morning. Afternoon, evening. I this is PacSun funds, Head of IR at SK Hynix. Welcome to the SK Hynix 2020 for third quarter earnings release conference call. Allow me to present here today. We are joined by CFO, Kim Mohan. It of direct marketing can given and that meant marketing himself, LendSure disclaimer that all outlooks presented by the company are subject to change depending on the macroeconomic and market circumstances. But I will now begin SK Hynix Earnings Release Conference Call for the

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