SK hynix Announces 4Q24 Financial Results

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SK Hynix's Q4 2024 financial results highlight the explosive growth of AI memory products (HBM, eSSD), reflecting the massive hardware infrastructure investment driving AI capabilities expansion, which is relevant to understanding compute trends in AI development.

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Summary

SK Hynix reported record-breaking 2024 annual revenues of 66.19 trillion won and operating profit of 23.47 trillion won, driven by surging demand for AI memory products including HBM and eSSD. HBM alone accounted for over 40% of total DRAM revenue in Q4 2024. The company plans to expand HBM3E supply and develop HBM4 to meet growing AI infrastructure demand.

Key Points

•SK Hynix achieved all-time high 2024 revenues of 66.19 trillion won (~$48B), with 35% operating margin, driven by AI memory demand.
•HBM (High Bandwidth Memory) exceeded 40% of total DRAM revenue in Q4 2024, reflecting AI accelerator hardware demand.
•Company plans to expand HBM3E supply and develop next-gen HBM4 to meet growing AI server and inference workload needs.
•Strong AI memory demand from global big tech companies investing in AI servers is expected to continue driving growth.
•Financial health improved significantly: cash equivalents rose to 14.2 trillion won, debt ratio fell to 31%.

1 FactBase fact citing this source

Entity	Property	Value	As Of
SK Hynix	Revenue	$47 billion	Dec 2024

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SK hynix Announces 4Q24 Financial Results 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 

 
 
 
 
 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
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 #AI Memory #CXL #DRAM #eSSD #HBM3E #HBM4 #NAND 
 
 
 
 
 
 
 
 
 
 
 
 Press Release 사용안함 
 SK hynix Announces 4Q24 Financial Results

 
 
 January 22, 2025 
 
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 Revenues for 2024 at 66.1930 trillion won, operating profit at 23.4673 trillion won, net profit at 19.7969 trillion won

 Revenues for Q4 at 19.7670 trillion won, operating profit at 8.0828 trillion won, net profit at 8.0065 trillion won

 Achieving best-ever quarterly and yearly performance with increased sales of AI memory products including HBM and eSSD

 Company to affirm the possibility of achieving sustainable profit through differentiation of AI product competitiveness and profitability-oriented operation

 
 
 Seoul, Jan 23, 2025

 SK hynix Inc. (or “the company”, www.skhynix.com ) announced today that it recorded best-ever yearly performance with 66.1930 trillion won in revenues, 23.4673 trillion won in operating profit (with an operating margin of 35%), and 19.7969 trillion won in net profit (with a net margin of 30%).

 Yearly revenues marked all-time high, exceeding the previous record in 2022 by over 21 trillion won and operating profit exceeded the record in 2018 during the semiconductor super boom.

 *FY2022 Yearly Revenues: 44.6216 trillion won / FY2018 Yearly Operating Profit: 20.8437 trillion won

 In particular, fourth quarter revenues went up by 12% to 19.7670 trillion won, operating profit up 15% to 8.0828 trillion won (with an operating margin of 41%) from the previous quarter and net profit recorded 8.0065 trillion won (with a net margin of 41%).

 SK hynix emphasized that with prolonged strong demand for AI memory, the company achieved all-time high result through world-leading HBM technology and profitability-oriented operation.

 HBM continued its high growth in fourth quarter marking over 40% of total DRAM revenue and eSSD also showed constant increase in sales. With remarkable product competitiveness based profitability-oriented operation, the company established a stable financial condition which led to improved outcome.

 https://news-skhynix-com.s3.us-west-1.amazonaws.com/skhynix-dw/4Q24+Earnings+Results+EN_0124.mp4 
 Annual result of 2024 demonstrated memory company’s possibility of stable profit gain by supplying product in right time to meet customers’ needs. Especially, in which the memory sector is being transformed into a high-performance, high-quality market with growth of AI memory demand.

 Based on the financial result, at the end of 2024, cash equivalent increased by 5.2 trillion won to 14.2 trillion won and debt decreased by 6.8 trillion won to 22.7 trillion won compared t

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