SEOUL (Reuters) -South Korea’s SK Hynix on Thursday posted a report quarterly revenue because the Nvidia (NASDAQ:) provider noticed sturdy gross sales of its superior chips equivalent to excessive bandwidth reminiscence (HBM) ones utilized in generative AI chipsets.
The world’s second-biggest reminiscence chipmaker reported a 7 trillion gained ($5.07 billion) working revenue for the July-September quarter versus a 1.8 trillion gained loss a 12 months earlier.
That in contrast with a 6.8 trillion gained common forecast by LSEG SmartEstimate, which is weighted towards analysts who’re extra constantly correct.
SK Hynix has outperformed rivals Samsung Electronics (KS:) and Micron Know-how (NASDAQ:) in current quarters, because it advantages probably the most from AI-driven urge for food for high-end reminiscence chips following its early entry and huge investments in HBM chip growth.
Income for the quarter rose 94% year-on-year to 17.6 trillion gained.
($1 = 1,379.9600 gained)
