Press Release

SK hynix Inc. Reports Third Quarter 2012 Results

By October 24, 2012 December 7th, 2020 No Comments

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

Seoul, October 24, 2012

SK hynix Inc. (or ‘the Company’, today announced financial results for its third quarter 2012 ended September 30, 2012.

The Company posted the consolidated third quarter revenue of 2.42 trillion won decreased 8% from 2.63 trillion won of the previous quarter due to a sluggish DRAM market. Operating loss was 15 billion won with operating margin of negative 1%. Net income for the quarter returned to the black with 2 billion won profit positively impacted by net foreign currency transactions.

During the quarter, NAND Flash price was stabilized thanks to limited production by manufacturers and the increased sales of solution products such as MCP and eMMC contributed to an overall profit. On the other hand, although the portion of non-PC DRAMs reached more than 70% including over 30% of the mobile products, the price of PC DRAM continuously decreased over the quarter due to the weak PC demand.

Quarter-over-quarter, DRAM bit shipments decreased 5% and the average selling price also declined 8%. For NAND Flash, the bit shipments increased 5% and the average selling price rose 4%.

SK hynix will enhance its competitiveness by expanding mobile and NAND solution products. It will also flexibly control the 20nm class DRAM technology migration considering the market condition in order to achieve the profitability.

FY2012 Q3 Earnings

Consolidated BasisUnit : Billion KRW

2012 Q3 2012 Q2 QoQ 2011 Q3 YoY
Revenue 2,423 2,632 -8% 2,291 6%
Operating Profit -15 23 N/A -277 95%
Operating Profit Margint -1% 1% -2%p -12% 11%p
Net Income 2 -53 N/A -563 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 Septembr 30, 2012. 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.
Corporate Communications

Senior Manager
Seong-Ae Park
Phone: +82.2.3459.5325