Press Release

SK hynix Inc. Reports Second Quarter 2013 Results

By July 25, 2013 December 7th, 2020 No Comments

The financial information of the earnings in this press release is written based on K-IFRS.

Seoul, July 25, 2013

SK hynix Inc. (or ‘the Company’, today announced financial results for its second quarter 2013 ended June 30, 2013.

The consolidated second quarter revenue was 3.93 trillion won increased 41% from 2.78 trillion won of the previous quarter due to an upward demand of specialty DRAM including mobile DRAM thanks to a favorable market environment. Operating profit was 1.11 trillion won with operating margin of 28% since process technology migration and yield improvement had increased the profitability of all the products including DRAM, NAND Flash and MCP.

Both the revenue and the operating profit set a record-high for the Company’s quarterly results. Net income for the quarter was 947 billion won, increased 430% from 179 billion won in the previous quarter reflecting net foreign currency loss and income tax expenses.

Quarter-over-quarter, DRAM bit shipments increased 20% and the average selling price also rose 16%. For NAND Flash, the bit shipments increased 29% and the average selling price also rose 5%.

During the quarter, DRAM bit shipment improved more than expected due to increased demands of the mobile DRAM and server products for data centers. Also, due to the suppliers’ transition to the mobile products, the average selling price of PC DRAM climbed up and that of specialty DRAM stabilized.

For NAND Flash, both the bit shipment and the average selling price increased due to strong demands of eMMC and MCP and balanced supply-demand situation.

SK hynix plans to strengthen its cost competitiveness by expanding its portion of 20nm class DRAM products over 50% in the third quarter and increasing the efficiency of manufacturing lines for NAND Flash. Moreover, the Company is to expand the proportion of LPDDR3 products from the latter half and build up the competitiveness in SSD business by releasing the SSD equipped with its own controller in the third quarter.

FY2013 Q2 Earnings

Consolidated BasisUnit : Billion KRW

2013 Q2 2013 Q1 QoQ 2012 Q2 YoY
Revenue 3,933 2,781 +41% 2,632 +49%
Operating Profit 1,114 317 +251% 5 +21,123%
Operating Profit Margint 28% 11% +17%p 0% +28%p
Net Income 947 179 +430% -53% N/A

※ The financial information of the earnings is written based on K-IFRS.

Please note that the financial results discussed herein are preliminary and speak only as of June 30, 2013. 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



Media Contact

SK hynix Inc.
Public Relations

Assistant Manager
Heeyoung Son
Phone: +82.2.3459.5316

Senior Manager
Seong-Ae Park
Phone: +82.2.3459.5325