SK hynix Announces 2Q25 Financial Results

Rhea-AI Summary

SK hynix (HXSCL) reported exceptional Q2 2025 financial results, achieving all-time high revenues of 22.232 trillion won and operating profit of 9.2129 trillion won with a strong 41% operating margin. Net profit reached 6.9962 trillion won with a 31% net margin.

The company's outstanding performance was driven by increased demand for AI memory from global tech companies. Cash and equivalents grew to 17 trillion won, while debt and net debt ratios remained healthy at 25% and 6% respectively. SK hynix expanded sales of 12-high HBM3E DRAM and saw growth across all NAND applications.

Looking ahead, the company plans to double HBM production year-over-year and will launch new products including LPDDR-based server modules and GDDR7 with expanded 24Gb capacity for AI GPUs.

Positive

• Record-breaking quarterly revenue of 22.232T won and operating profit of 9.2129T won
• Strong operating margin of 41% and net margin of 31%
• Cash and equivalents increased to 17T won, up 2.7T won QoQ
• Healthy financial position with low debt ratio (25%) and net debt ratio (6%)
• Year-over-year revenue growth of 35% and operating profit growth of 68%
• Plans to double HBM production compared to previous year

Negative

• Net income declined 14% quarter-over-quarter from 8.108T won to 6.996T won
• Operating margin slightly decreased by 1 percentage point QoQ from 42% to 41%

• Reports revenues of 22.232 trillion won, operating profit of 9.2129 trillion won, net profit of 6.9962 trillion won
• Both revenues, operating profit at all-time highs following brisk sales of AI memory
• Company to provide best-in-class AI products timely for customer satisfaction, market expansion

SEOUL, South Korea, July 23, 2025 /PRNewswire/ -- SK hynix Inc. (or "the company", www.skhynix.com) announced today that it has recorded 22.232 trillion won in revenues, 9.2129 trillion won in operating profit(with an operating margin of 41%), and 6.9962 trillion won in net profit(with a net margin of 31%) in the second quarter.

Both revenues and operating profits stood at all-time highs, beating the previous best results in the fourth quarter of last year.

The company said that an aggressive investment by global big tech companies into AI led to a steady increase in demand for AI memory. Shipments of both DRAM and NAND flash were higher than expected, helping the company log the best quarterly results.

SK hynix expanded sales of 12-high HBM3E in the DRAM space, while registering a growth in sales of NAND for all applications. With the industry-leading competitiveness in AI memory and profitability-first management discipline, the company has maintained a positive earnings trend.

With the latest financial results, the company's cash and cash equivalents increased to 17 trillion won at the end of June, up by 2.7 trillion won a quarter earlier. Its debt ratio and net debt ratio stood at 25% and 6%, respectively, as net debt fell by 4.1 trillion won, compared with the previous quarter.

In the second quarter, the inventory level was kept steady as customers increased both memory orders and production of their finished products. Demand for memory is expected to continue to grow as customers plan to launch new products in the second half.

Particularly, SK hynix foresees that increasing competition among big tech companies to enhance inference of AI models would lead to higher demand for high-performance and high-capacity memory products. Ongoing investments by nations to build sovereign AI* would also help generate long-term demand for memory, it said.

* Sovereign AI: a nation's ability to build an independent AI system with its own infrastructure, data, talent and business network

The company expects the solid performance of its products and mass-production capabilities to help double HBM, compared with a year earlier, to generate stable earnings. It will also ensure timely provision of HBM4 in accordance with customers' requests to remain competitive.

SK hynix will start provision of an LPDDR-based module for servers within this year, and prepare for GDDR7 products for AI GPUs with an expanded capacity of 24Gb from 16Gb in a bid to enhance its leadership in the AI memory market with product diversification.

For the NAND business, the company will maintain a prudent stance for investments considering demand conditions and profitability-first discipline, while continuing with product developments in preparation for improvements in market conditions. Particularly, it will expand sales of QLC-based high-capacity eSSD and build 321-high NAND-based product portfolio to enhance its market leadership.

Song Hyun Jong, President and Head of Corporate Center, said that SK hynix will carry out part of the planned investments preemptively this year for smooth provision of major products with visible demand for next year including HBM. "We are on track to meet our goal as a Full Stack AI Memory Provider satisfying customers and leading market expansion through timely launch of products with best-in-class quality and performance required by the AI ecosystem."

• 2Q25 Financial Results (K-IFRS)

*Unit: Billion KRW
	2Q25	QoQ		YoY
		1Q25	Change	2Q24	Change
Revenues	22,232	17,639.1	26 %	16,423.3	35 %
Operating Profit	9,212.9	7,440.5	24 %	5,468.5	68 %
Operating Margin	41 %	42 %	-1%p	33 %	8%p
Net Income	6,996.2	8,108.2	-14 %	4,120	70 %

• Financial information of the earnings is based on K-IFRS
• Please note that the financial results discussed herein are preliminary and speak only as of July 24, 2025. Readers should not assume that this information remains operative at a later time.

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world's top tier semiconductor supplier offering Dynamic Random Access Memory chips ("DRAM") and flash memory chips ("NAND flash") for a wide range of distinguished customers globally. The Company's shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

View original content:https://www.prnewswire.com/news-releases/sk-hynix-announces-2q25-financial-results-302512514.html

SOURCE SK hynix Inc.

FAQ

What were SK hynix (HXSCL) Q2 2025 earnings results?

SK hynix reported record revenues of 22.232 trillion won, operating profit of 9.2129 trillion won (41% margin), and net profit of 6.9962 trillion won (31% margin).

How much did SK hynix revenue grow year-over-year in Q2 2025?

SK hynix revenue grew 35% year-over-year, from 16.423 trillion won in Q2 2024 to 22.232 trillion won in Q2 2025.

What is SK hynix's financial position as of Q2 2025?

SK hynix maintained a strong financial position with 17 trillion won in cash and equivalents, a debt ratio of 25%, and a net debt ratio of 6%.

What are SK hynix's plans for AI memory production?

SK hynix plans to double HBM production year-over-year, launch LPDDR-based server modules, and develop GDDR7 products with expanded 24Gb capacity for AI GPUs.

How did SK hynix's AI memory business perform in Q2 2025?

SK hynix saw strong performance in AI memory, with increased sales of 12-high HBM3E DRAM and growth in NAND flash sales across all applications, driven by aggressive investment from global tech companies.