Q2 2024 SK Hynix Inc Earnings Call Transcript
Key Points
- SK Hynix Inc (FRA:HY9H) reported a record quarterly revenue of KRW16.4 trillion, marking a 32% sequential increase and a 125% year-on-year increase.
- Operating profit for the second quarter increased by KRW2.58 trillion from the previous quarter to KRW5.47 trillion, with an operating profit margin of 33%.
- HBM sales grew significantly, with an 80% increase from the previous quarter and over 250% year-on-year growth.
- The company plans to release high-density server DRAM and MCRD products in the second half of the year, targeting the high-performance computing market.
- SK Hynix Inc (FRA:HY9H) is expanding its enterprise SSD sales, expecting annual sales to grow nearly four times compared to last year.
- Shipments of enterprise SSD and mobile products decreased by low single digits sequentially due to muted demand recovery.
- Non-GAAP operating loss net of gain for the second quarter was KRW0.42 trillion, including net interest expense and net foreign currency-related loss.
- Consolidated cash and cash equivalents decreased by KRW0.6 trillion from the end of the previous quarter.
- The company expects a mid-single digit percent sequential decrease in bit shipment despite an increase in ESSD sales volume.
- Investment needs are rising to meet demand for conventional DRAM and HBM, leading to higher than expected CapEx levels for the year.
Please stand by for streaming text.
Good morning, a fternoon, e vening times 2020 for Q2 earnings conference call for today's presentation followed by a Q&A session. If you have a question, please press star key and number one on your telephone keypad presentation and will be translated simultaneously and the Q&A session will be translated consecutively. With that are now ready to begin.
Morning, a fternoon, evening. This is back from one head of IR at SK Hynix. Welcome to the 26nd quarter earnings release conference call. Allow me to introduce the executives present here today. I'm joined by CFO, key Morgan it of direct marketing, community hands and head of men marketing teams.
Let me issue a disclaimer that all outlooks presented by the company are subject to change depending on the macro and economic and market circumstances. With that, we'll now begin the SK Hynix Earnings Release Conference Call for Second Quarter 2024. Mr. Kim CFO, will first present
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
