
SK hynix Reports First Quarter 2023 Financial Results
SK hynix Inc. (or "the company", www.skhynix.com) today reported financial results for the first quarter ended March 31, 2023. The company recorded revenues of 5.088 trillion won, operating loss of 3.402 trillion won (with operating margin of negative 67%), and net loss of 2.586 trillion won (with net profit margin of negative 51%) in the first quarter of 2023.
"As the memory chip downturn continued through the first quarter, the company posted a sequential drop in revenues and widened operating loss on sluggish demand and falling products prices," SK hynix said. "But we expect revenues to rebound in the second quarter after bottoming out in the first, driven by a gradual increase in sales volume."
"As the memory chip downturn continued through the first quarter, the company posted a sequential drop in revenues and widened operating loss on sluggish demand and falling products prices," SK hynix said. "But we expect revenues to rebound in the second quarter after bottoming out in the first, driven by a gradual increase in sales volume."