Press Release

SK hynix Inc. Reports Second Quarter 2014 Results

By July 24, 2014 December 7th, 2020 No Comments

Seoul, July 24, 2014

SK hynix Inc. (or ‘the Company’, today announced financial results for its second quarter 2014 ended June 30, 2014.

The consolidated second quarter revenue was 3.92 trillion won risen 5% from 3.74 trillion won of the previous quarter. It was thanks to smooth technology migration of DRAM and NAND Flash as well as revived demand for the mobile products.

Operating profit for the quarter amounted to 1.08 trillion won with operating margin of 28%, which went over 1 trillion won for the second consecutive quarter. In consequence, the Company has gained the record high accumulated 2.14 trillion won for its half-yearly operating profit. Net income totaled 674 billion won with net margin of 17% reflecting income tax expenses.

Quarter-over-quarter, DRAM bit shipments increased 13% and the average selling price decreased 5%. The shipments increased more than originally planned thanks to expanded proportion of 20nm class process technology.

For NAND Flash, the bit shipments rose 54% but the average selling price dropped 19%. The shipments grew up due to expanded portion of 1Xnm and restored demand for the mobile products.

In the latter half, SK hynix will constantly increase the proportion of 2Ynm DRAM to improve its cost competitiveness and organize flexible product portfolio according to the market situation to maximize the profitability. For NAND Flash, the Company is to expand the portion of 1Xnm in applications such as mobile and SSD. Also, it will supply samples of TLC and 3D products after completing the development of those within the year while consolidating its competitiveness in NAND based solutions.

FY2014 Q2 Earnings

Consolidated BasisUnit : Billion KRW

2014 Q2 2014 Q1 QoQ 2013 Q2 YoY
Revenue 3,923 3,743 5% 3,933 0%
Operating Profit 1,084 1,057 3% 1,114 -3%
Operating Profit Margin 28% 28% 0%p 28% 0%p
Net Income 674 802 -16% 947 -29%

※ 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, 2014. 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