SK hynix Inc. Announced Q1 2026 Earnings on April 22, 2026, Reporting "first quarter revenue increased by 60% Q-o-Q, and 198% Y-o-Y to KRW 52.6 trillion".

For the first quarter of 2026, SK hynix Inc. reported that first quarter revenue increased by 60% Q-o-Q, and 198% Y-o-Y to KRW 52.6 trillion.The company stated that first quarter operating profit reached KRW 37.6 trillion, increasing nearly twofold from that of the previous quarter.Operating margin also improved by 13 percentage points Q-o-Q to 72%.Net profit was KRW 40.3 trillion and net profit margin was 77%. As of the end of the first quarter, cash and cash equivalents including short-term investments stood at KRW 54.3 trillion, and the company recorded net cash of KRW 35 trillion.Management noted that AI technology is now evolving rapidly beyond the training phase into the inference and agentic AI stage. As the volume of data generated by AI agents continues to increase, the demand base is broadening for both DRAM and NAND. To secure sufficient supply capacity to respond to structural demand growth, capital expenditure this year is expected to increase significantly compared with last year.The majority of this CapEx is allocated to infrastructure preparation centered on the Yong-in cluster and ramp-up of M15X, as well as the procurement of key equipment such as EUV tools.The company also aims to achieve financial soundness with net cash of more than KRW 100 trillion while working to establish an implementation plan for expanded shareholder returns within the year.Regarding forward guidance for the second quarter, the company plans to actively respond to demand for high-density server modules and mobile products, with DRAM shipments expected to increase by high single-digit percent Q-o-Q. For NAND, they expect shipments to increase by mid-teen percent Q-o-Q. In terms of product announcements, the company completed development of the industrys first 1C-nanometer-based LPDDR6 during the first quarter and began mass production of a 192 gigabyte SOCAMM2 product optimized for NVIDIAs Vera Rubin platform.Additionally, they began supply of the PQC21 client SSD, which adopts CTF-based 321-layer QLC technology.