Sk Hynix Inc. · KRX:000660
Sk Hynix — Q3 2025 Earnings Presentation
18 slides from Sk Hynix's earnings presentation, Oct 29, 2025
Slide 1: FY2025 Earnings
FY2025 Earnings 2025.10.29 | Investor Relations
Slide 2: Review of the FY2025 Q3 financial results has not been finalized
Review of the FY2025 Q3 financial results has not been finalized. Figures in this earnings release are subject to changes during the independent auditing process. All financial information contained in this document is based on consolidated K-IFRS. This material contains forward-looking statements w
Slide 3: Financial Results FY2025 Q3
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Slide 4: Revenue Analysis
Revenue Analysis FY2025 Q3 Revenue B/G High-Single% ↑ QoQ KRW 24.45T ASP Mid-Single% ↑ QoQ +10% QoQ / +39% YoY FY2025 Q2 Revenue B/G Mid-Single% ↓ QoQ KRW 22.23T ASP Low-Teen% ↑ QoQ * Solidigm results are consolidated 4
Slide 5: Profit Analysis – Operating Profit
Profit Analysis – Operating Profit Operating Profit KRW 11.38T COGS 10,420 (QoQ +24% / YoY +62%) OP Margin 47% Strong sales of leading-edge products such as HBM, SG&A D&A* high-performance DRAM, and eSSDs 24,449 2,646 3,566 EBITDA KRW 14.95T 14,949 14,029 11,383 (QoQ +18% / YoY +48%) EBITDA Margin 6
Slide 6: Profit Analysis – Net Profit
Profit Analysis – Net Profit Net Non- Tax Expense Non-operating Profit(Loss) KRW 3.41T 2,193 operating Profit Foreign currency related net gain KRW 0.2T 3,407 Valuation gain on investment assets KRW 3.3T 14,790 12,598 11,383 Net Profit KRW 12.60T Net profit margin 52% Operating Profit Pre-tax Profit
Slide 7: Financial Position
Financial Position ’24 Q3 ’25 Q2 ’25 Q3 Cash* KRW 10.86T KRW 16.96T KRW 27.85T Debt** KRW 21.85T KRW 21.84T KRW 24.08T 33% 31% 29% Debt-to-Equity 25% 24% Ratio ’24 Q3 ’24 Q4 ’25 Q1 ’25 Q2 ’25 Q3 17% 12% 11% Net Debt-to-Equity 6% -4% Ratio ’24 Q3 ’24 Q4 ’25 Q1 ’25 Q2 ’25 Q3 * Cash = Cash & Cash Equiv
Slide 8: We Do Technology
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Slide 9: Market Outlook
Market Outlook DRAM Demand B/G NAND Demand B/G ‘25; +High Teen% YoY → ‘26; Over +20% YoY ‘25; +Mid Teen% YoY → ‘26; +High Teen% YoY Shift to AI inferencing is increasing number of concurrent users and tokens dramatically Expect moderate growth in shipments AI server workloads are being distributed t
Slide 10: Company Plan
Company Plan DRAM Q4 B/G: Low-Single% increase QoQ NAND Q4 B/G: Low-Single% increase QoQ (incl. Solidigm) Secured customer demand across all DRAM, NAND products including HBM through Yr. ‘26 Opened M15X ahead of schedule and begun equipment installation. Plan to speed up new capacity expansion We wi
Slide 11: Completed Yr. '26 supply discussions with key customers
Completed Yr. ‘26 supply discussions with key customers Ready to supply HBM4, which fully meets customer performance requirements and supports highest speed in the industry Will start shipments of HBM4 in Q4 and further expand in Yr. ‘26 1cnm, which we have full product line-up, will expand in Yr. ’
Slide 12: We Do Technology
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Slide 13: Income Statement Profitability
Income Statement (Unit : KRW Billion) Profitability ’25 Q3 ’25 Q2 ’24 Q3 Q/Q Y/Y ‘24 Q3 Q4 ‘25 Q1 Q2 Q3 Revenue 24,449 22,232 17,573 +10% +39% 57% 54% 57% 52% 52% Gross Margin Gross Profit 14,029 11,983 9,171 +17% +53% +3%p Operating Profit 11,383 9,213 7,030 +24% +62% 47% 40% 41% 42% 41% Operating
Slide 14: Statement of Cash Flows Net Cash Flow
Statement of Cash Flows (Unit : KRW Billion) Net Cash Flow (Unit : KRW Billion) ’25 Q3 ’25 Q2 ’24 Q3 F/X Effect 303 Financing Activities 1,375 1,789 Changes in Beginning Cash Balance** 16,962 14,311 9,688 Working Capital, etc CF from Operating Activities 14,368 9,208 7,804 D&A Investing Activities N
Slide 15: Revenue by Product Revenue by Application
Revenue by Product (Unit : KRW Billion) Revenue by Application DRAM 100% 22,232 24% 20% 21% 21% 50% PC 17,573 Server 18% Graphics(incl. HBM) Consumer 28% 31% 0% Mobile '24 Q3 '25 Q2 '25 Q3 NAND 77% 78% 100% 77% 80% 69% 66% 50% Others USB, Card & Others NAND Mobile DRAM SSD(incl. discrete NAND 0% for
Slide 16: The End
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Slide 17: [Attachment1] Statement of Financial Position
[Attachment1] Statement of Financial Position K-IFRS (KRW Billion) Q3'25 Q2'25 Q4'24 QoQ vs. Q4'24 Assets Current Assets 57,140 45,203 42,279 +11,936 +14,861 Cash & Cash Equivalents* 27,854 16,962 14,156 +10,892 +13,698 Accounts Receivables 14,312 13,125 13,019 +1,187 +1,293 Inventories 13,156 13,40
Slide 18: [Attachment2] Income Statement
[Attachment2] Income Statement K-IFRS (KRW Billion) Q3'25 Q2'25 Q3'24 QoQ YoY Revenue 24,449 22,232 17,573 +10% +39% Cost of Goods Sold 10,420 10,249 8,402 +2% +24% Gross Profit 14,029 11,983 9,171 +17% +53% SG&A Expenses 2,646 2,770 2,141 -5% +24% Operating Profit 11,383 9,213 7,030 +24% +62% Net F