The consolidated second quarter revenue was 6.69 trillion won while the operating profit amounted to 3.05 trillion won and the net income totaled 2.47 trillion won. During the second quarter, favorable market conditions continued to raise memory semiconductor prices. The Company benefited by dealing well with the market situation, elevating its revenue and operating profit by 6% and 24% each compared to the previous quarter.
Quarter-over-quarter, DRAM bit shipments increased 3% and the average selling price rose 11%. Both grew up, courtesy of strong demand from a server sector.
For NAND Flash, the bit shipments declined 6% but the average selling price rose 8%. The shipment decreased due to sluggish demand growth in smartphones but the ASP could increase thanks to ongoing strong chip prices in every NAND Flash product category.
In the latter half, SK Hynix is to consolidate its position in the memory market with the operation of the product portfolio centered on server and mobile applications, which are expected to persistently lead market demands. The Company will expand the mass production volume of a high-end mobile LPDDR4X and also start to mass produce 1Xnm DRAM in the second half as planned.
Plus, it will begin to manufacture 3D NAND Flash in a full scale on the upper floor of M14 FAB. Moreover, with its cutting-edge 72-Layer 3D NAND, SK Hynix plans to supply mobile solutions and cSSDs at the end of this year then eSSDs in the next year.
Please note that the financial results discussed herein are preliminary and speak only as of June 30, 2017. Readers should not assume that this information remains operative at a later time. In addition, this information may include forward-looking statements that involve a variety of risks and uncertainties that could cause actual results to differ materially. For further discussion of these risks and uncertainties, readers should refer to SK Hynix Inc.’s filings with the Korea Exchange. This document is neither an offer to sell nor a solicitation of an offer to sell any security of SK Hynix Inc..
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”), Flash memory chips ("NAND Flash") and CMOS Image Sensors ("CIS") 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 Luxemburg Stock Exchange. Further information about SK Hynix is available at www.skhynix.com.
SK Hynix Inc.