Press Release

SK hynix Inc. Reports Third Quarter 2014 Results

By October 23, 2014 December 7th, 2020 No Comments

Seoul, October 23, 2014

SK hynix Inc. (or ‘the Company’, today announced financial results for its third quarter 2014 ended September 30, 2014. The Company reported record high quarterly results.

The consolidated third quarter revenue was 4.31 trillion won risen 10% from 3.92 trillion won of the previous quarter boosted by increased revenue from every product group. Operating profit was 1.3 trillion won increased 20% from 1.08 trillion won of the previous one with operating margin of 30%. It was thanks to improved cost competitiveness through smooth process technology migration and enhanced NAND Flash profitability.

Net income amounted to 1.1 trillion won with net margin of 25% reflecting net foreign currency earnings and income tax expenses. In consequence, the Company has set all new quarterly records in revenue, operating profit, and net income.

Quarter-over-quarter, DRAM bit shipments increased 7% and the average selling price remained stable. The shipments increased owing to expanded proportion of 2Ynm class process technology and firm demand from PC and server products.

For NAND Flash, the bit shipments rose 26% thanks to expanded portion of 1Xnm and grown supply of NAND application solutions. The average selling price dropped 2% due to balanced supply and demand as a result of restored demand from mobile products.

SK hynix will expand the proportion of 2Ynm DRAM in server and mobile sectors to meet increasing demand. Also, with variety of DDR4 modules such as 128GB(Gigabytes) and NVDIMM(Non Volatile DIMM), the Company will lead DDR4 interface in servers which is expected to be commercialized regularly from the next year. Plus, the Company is looking forward to developing 2Znm process technology within the year.

For NAND Flash, SK hynix has been supplying enterprise SSDs to several clients and finished its development of 1Xnm TLC in the last quarter to strengthen the profitability by diversifying its NAND portfolio. Moreover, SK hynix has developed the 1st generation 3D NAND Flash and will endeavor further to develop the 2nd and 3rd generation products.

FY2014 Q3 Earnings

Consolidated BasisUnit : Billion KRW

2014 Q3 2014 Q2 QoQ 2013 Q3 YoY
Revenue 4,312 3,923 10% 4,084 6%
Operating Profit 1,301 1,084 20% 1,164 12%
Operating Profit Margin 30% 28% 2%p 29% 1%p
Net Income 1,095 674 63% 958 14%

※ 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 September 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



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SK hynix Inc.
Public Relations

Assistant Manager
Heeyoung Son
Phone: +82.2.3459.5316