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Industry
SK Hynix to overhaul long-term supply contracts to prioritise volumes over price
SK Hynix is reviewing a new structure for long-term supply agreements, saying customers increasingly view securing volumes as a key risk. The company reported record quarterly revenue and operating profit for the first quarter of 2026 and said shortages of HBM, server DRAM and enterprise SSDs may persist, extending a price upcycle. It will bring forward the start of its Yongin cluster Phase 1 fab and accelerate NAND transitions and next-generation product rollouts.
Industry
SK Hynix posts Q1 operating profit of 37.6 trillion won, up 405 percent year on year
SK Hynix said on Wednesday it posted first-quarter revenue of 52.6 trillion won and operating profit of 37.6 trillion won. Revenue rose 198 percent from a year earlier and operating profit jumped 405 percent, with an operating margin of 72 percent. Quarterly revenue topped 50 trillion won for the first time. The company cited strong demand supported by expanded AI infrastructure investment and higher sales of high value-added products.
Industry
SK Hynix earnings surprise likely as NAND exports surge
Expectations are rising that SK Hynix will deliver a first-quarter earnings surprise, with brokerages forecasting operating profit of about 35.2 trillion won and some estimates as high as 39.6 trillion won. Analysts cite solid server demand, preemptive purchases by mobile and PC clients, and the spread of long-term contracts. NAND results are also in focus, with brokerage estimates pointing to a sharp rise in exports and profitability. SK Hynix reports on April 29.