SK hynix set a new all-time record by posting first-quarter operating profit in the 37 trillion-won range.

On the 23rd, SK hynix said first-quarter operating profit jumped 405% from a year earlier to 37.6103 trillion won. Revenue rose 198% over the same period to 52.5763 trillion won, surpassing 50 trillion won for the first time.

The operating margin reached 72%. A 70% range operating margin is highly unusual in manufacturing. Revenue, operating profit, and operating margin all set new quarterly records. These figures far exceeded the previous highs of 32.8267 trillion won in revenue and 19.1696 trillion won in operating profit in the fourth quarter of last year. Operating profit nearly doubled in just one quarter.

SK hynix explained that “despite the first quarter being a seasonal off-peak period, demand remained strong amid expanded investment in artificial intelligence (AI) infrastructure, and the company extended its earnings momentum by expanding sales of high value-added products such as high-bandwidth memory (HBM)·high-capacity server DRAM modules·enterprise solid-state drives (eSSD).”

SK hynix said that “it plans to continue developing and supplying new products across DRAM and NAND to respond to diversified memory demand.”