SK HYNIX Q1’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $35.6B (Est. $35.1B) 🟢; +60% QoQ / +198% YoY
🔹 Operating Profit: $25.4B (Est. $24.6B) 🟢; +96% QoQ / +405% YoY
🔹 Net Profit: $27.3B (Est. $20.8B) 🟢; +165% QoQ / +398% YoY
🔹 Operating Margin: 72%
🔹 EBITDA Margin: 79%
Q2 Guide:
🔹 DRAM B/G: high single% increase QoQ
🔹 NAND B/G: mid teen% increase QoQ (including Solidigm)
Other Metrics:
🔹 HBM4: plan to ramp up volume in line with agreed schedule
🔹 CapEx: expected to increase significantly vs last year
Financials:
🔹 Cash: $36.7B; Debt: $13.1B
🔹 Gross Profit: $28.2B; +85% QoQ / +313% YoY
🔹 EBITDA: $28.0B; +82% QoQ / +284% YoY
🔹 Non-operating Profit: $9.5B
🔹 Income Before Tax: $34.9B
🔹 Tax Expense: $7.6B
🔹 COGS: $7.4B
🔹 SG&A: $2.8B
🔹 CF from Operating Activities: $17.9B
🔹 CF from Investing Activities: ($4.9B)
🔹 Acquisition of PP&E: ($5.2B)
🔹 CF from Financing Activities: ($2.0B)
FX used for USD conversion: $1 = ₩1,479 (mid-market; Apr 22, 2026)
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