SK Hynix Posts Record Quarterly Revenue Driven By HBM Demand

South Korea's SK Hynix on Wednesday reported record December-quarter revenue of 32.827 trillion won ($23 billion) and operating profit of 19.17 trillion won, beating LSEG SmartEstimates. Revenue rose about 66% year-on-year and operating profit surged 137%, driven by HBM chips for generative-AI data centers whose revenue more than doubled; the company plans to cancel 12.24 trillion won in treasury shares amid supply shortages.