Sk Hynix Inc. · KRX:000660
Sk Hynix — Q2 2025 Earnings Presentation
18 slides from Sk Hynix's earnings presentation, Jul 24, 2025
Slide 1: FY2025 Earnings
FY2025 Earnings 2025.07.24 | Investor Relations
Slide 2: Review of FY2025 Q2 results not finalized; forward-looking statements
Review of the FY2025 Q2 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 Q2
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Slide 4: Revenue Analysis
Revenue Analysis FY2025 Q2 Revenue B/G Mid-20% ↑ QoQ KRW 22.23T ASP Low-Single% ↑ QoQ +26% QoQ / +35% YoY FY2025 Q1 Revenue B/G Over 70% ↑ QoQ KRW 17.64T ASP High-Single% ↓ QoQ * Solidigm results are consolidated 4
Slide 5: Profit Analysis – Operating Profit
Profit Analysis – Operating Profit Operating Profit KRW 9.21T COGS 10,249 (QoQ +24% / YoY +68%) Achieved record high operating profit, OP Margin 41% 22,232 SG&A D&A* 2,770 3,432 11,983 12,645 EBITDA KRW 12.65T 9,213 (QoQ +17% / YoY +47%) EBITDA Margin 57% Revenue Gross Profit Operating EBITDA Profit
Slide 6: Profit Analysis – Net Profit
Profit Analysis – Net Profit Net Non- operating Profit -490 Non-operating Profit(Loss) KRW -0.49T Tax Expense Foreign currency related net loss KRW -0.61T 1,726 Other non-operating net gain KRW 0.12T, including investment valuation gain 9,213 8,723 6,996 Net Profit KRW 7.00T Net profit margin 31% Op
Slide 7: Financial Position
Financial Position ’24 Q2 ’25 Q1 ’25 Q2 Cash * KRW 9.69T KRW 14.31T KRW 16.96T Debt** KRW 25.23T KRW 23.33T KRW 21.84T 42% Debt-to-Equity 33% 31% 29% 25% Ratio ’24 Q2 ’24 Q3 ’24 Q4 ’25 Q1 ’25 Q2 26% Net Debt-to-Equity 17% 12% 11% 6% Ratio ’24 Q2 ’24 Q3 ’24 Q4 ’25 Q1 ’25 Q2 * Cash = Cash & Cash Equiv
Slide 8: We Do Technology
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Slide 9: Market Outlook
Market Outlook Strong demand growth and favorable pricing conditions in 1H Low likelihood of sharp demand corrections in 2H, given stable customer inventory levels, and demand growth driven by new product launches is expected Healthy growth as Big Tech raise Expect wider use of power-efficient spend
Slide 10: Company Plan
Company Plan DRAM Q3 B/G: Low-to-Mid Single% increase QoQ NAND Q3 B/G: Limited increase QoQ (incl. Solidigm) M15X to open Q4’25 as scheduled, to produce DRAM products including HBM from Yr. ’26 Yong-in 1st fab construction to finish in Q2’27 Yr. ‘25 CapEx expected to increase from previous plans Pro
Slide 11: Maintain plan to double HBM sales YoY, and deliver stable performance
Maintain plan to double HBM sales YoY, and deliver stable performance Provided world’s first HBM4 samples to customers in March ‘25, Collaborating with partners for performance optimization Expand sales of products with increasing end-demand Over 8,000Mbps high-speed DDR5, over 128GB high-density
Slide 12: We Do Technology
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Slide 13: Income Statement Profitability
Income Statement (Unit : KRW Billion) Profitability ’25 Q2 ’25 Q1 ’24 Q2 Q/Q Y/Y ‘24 Q2 Q3 Q4 ‘25 Q1 Q2 Revenue 22,232 17,639 16,423 +26% +35% 57% 54% 52% 52% Gross 46% Margin Gross Profit 11,983 10,102 7,496 +19% +60% -3%p Operating Profit 9,213 7,441 5,469 +24% +68% 40% 41% 42% 41% Operating 33% E
Slide 14: Statement of Cash Flows and Net Cash Flow
Statement of Cash Flows (Unit : KRW Billion) Net Cash Flow (Unit : KRW Billion) ’25 Q2 ’25 Q1 ’24 Q2 Beginning Cash Balance** 14,311 14,156 10,319 D&A Changes in 1,243 Working Capital, etc CF from Operating Activities 9,208 9,075 5,697 Net Profit (Loss) 6,996 8,108 4,120 3,454 Investing Activities D
Slide 15: Revenue by Product and Revenue by Application
Revenue by Product (Unit : KRW Billion) Revenue by Application DRAM 100% 24% 21% 17,639 50% 16,423 PC Server 18% Graphics(incl. HBM) Consumer Mobile 31% 0% '24 Q2 '25 Q1 '25 Q2 NAND 77% 100% 80% 66% 50% Others USB, Card & Others NAND Mobile DRAM SSD(incl. discrete NAND 0% for SSDs) '24 Q2 '25 Q1 '25
Slide 16: THE END
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Slide 17: [Attachment1] Statement of Financial Position
[Attachment1] Statement of Financial Position K-IFRS (KRW Billion) Q2'25 Q1'25 Q4'24 QoQ vs. Q4'24 Assets Current Assets 45,203 41,228 42,279 +3,975 +2,924 Cash & Cash Equivalents* 16,962 14,311 14,156 +2,651 +2,806 Accounts Receivables 13,125 10,629 13,019 +2,497 +106 Inventories 13,408 14,551 13,3
Slide 18: [Attachment2] Income Statement
[Attachment2] Income Statement K-IFRS (KRW Billion) Q2'25 Q1'25 Q2'24 QoQ YoY Revenue 22,232 17,639 16,423 +26% +35% Cost of Goods Sold 10,249 7,537 8,927 +36% +15% Gross Profit 11,983 10,102 7,496 +19% +60% SG&A Expenses 2,770 2,661 2,028 +4% +37% Operating Profit 9,213 7,441 5,469 +24% +68% Net Fi