Sk Hynix Inc. · KRX:000660
Sk Hynix — Q1 2026 Earnings Presentation
19 slides from Sk Hynix's earnings presentation, Apr 23, 2026
Slide 1: FY2026 Earnings
FY2026 Earnings 2026.04.23 | Investor Relations
Slide 2: Disclaimer
This material has been prepared by the Company for informational purposes only, and the information contained herein has not undergone any separate, independent verification process. No representations or warranties are made regarding the fairness, accuracy, or completeness of the information contai
Slide 3: SK hynix Financial Results FY2026 Q1
SKB ynix Financial Results FY2026 Q1 We Do Technology veneuce nts eee
Slide 4: Revenue Analysis
Revenue Analysis FY2026 Q1 Revenue B/G Flat QoQ KRW 52.58T ASP Mid-60% ↑ QoQ +60% QoQ / +198% YoY FY2025 Q4 Revenue B/G Approx. 10% ↓ QoQ KRW 32.83T ASP Mid-70% ↑ QoQ * Solidigm results are consolidated 4
Slide 5: Profit Analysis – Operating Profit
Profit Analysis – Operating Profit From ’25 Q2 to ‘26 Q1 COGS Operating Profit KRW 37.61T 10,897 (QoQ +96% / YoY +405%) SG&A DRAM and NAND price increase and higher mix of high-value- D&A* 4,069 added products 3,725 OP Margin 72%, record high quarterly OPM 52,576 41,679 41,336 37,610 EBITDA KRW 41.3
Slide 6: Profit Analysis – Net Profit
Profit Analysis – Net Profit Non-operating Profit KRW 14.01T Tax Net Non- Expense operating 11,271 Profit 14,007 Foreign exchange-related net gain of KRW 1.57T due to rise in exchange rates Other non-operating profit of KRW 12.44T including valuation gains on investment assets of KRW 9.94T 51,617 40
Slide 7: Financial Position
Financial Position ’25 Q1 ’25 Q4 ’26 Q1 Cash * KRW 14.31T KRW 34.94T KRW 54.33T Debt** KRW 23.33T KRW 22.25T KRW 19.32T 29% Debt-to-Equity 25% 24% 18% 12% Ratio ’25 Q1 ’25 Q2 ’25 Q3 ’25 Q4 ’26 Q1 11% 6% Net Debt-to-Equity -4% -11% -21% Ratio ’25 Q1 ’25 Q2 ’25 Q3 ’25 Q4 ’26 Q1 * Cash = Cash & Cash Eq
Slide 8: We Do Technology
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Slide 9: Market Outlook
Market Outlook As memory becomes increasingly critical in AI computing, demand for high-performance memory is surging while supply remains constrained, expect favorable pricing environment to continue for the time being AI technology is evolving rapidly beyond training to inference & agentic AI stag
Slide 10: DRAM and NAND Q2 business guidance
DRAM Q2 B/G: High single% increase QoQ Actively respond to demand for high-density server modules and mobile products NAND Q2 B/G: Mid teen% increase QoQ (including Solidigm) Expand sales of 321-layer-based products and eSSDs 10
Slide 11: Strengthening comprehensive execution capabilities
Concentrating efforts on further strengthening comprehensive execution capabilities encompassing performance, yield, quality & supply stability For HBM4, working closely with customers from early stages of development for products that meet customers’ required performance levels and plan to ramp up
Slide 12: CapEx and shareholder returns outlook
This year’s CapEx expected to increase significantly compared with last year Majority allocated to infrastructure preparation centered on Yongin Cluster and ramp up of M15X, and procurement of key equipment Strategically secure production base needed to proactively respond to mid- to long- term dema
Slide 13: We Do Technology
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Slide 14: Income Statement and Profitability
Income Statement Profitability (Unit : KRW Billion) ’26 Q1 ’25 Q4 ’25 Q1 Q/Q Y/Y ‘25 Q1 Q2 Q3 Q4 ‘26 Q1 52,576 32,827 17,639 +60% +198% 79% Revenue 69% Gross Margin 57% 57% 54% Gross Profit 41,679 22,576 10,102 +85% +313% +10%p Operating Profit 37,610 19,170 7,441 +96% +405% 72% Operating 58% EBITDA
Slide 15: Statement of Cash Flows and Net Cash Flow
Statement of Cash Flows Net Cash Flow (Unit : KRW Billion) D&A 2,951 Financing Activities (Unit : KRW Billion) ’26 Q1 ’25 Q4 ’25 Q1 3,729 Beginning Cash Balance** 34,942 27,854 14,156 F/X Effect 3,138 7,228 Investing Activities CF from Operating Activities 26,430 20,939 9,075 Net Profit 40,346 15,24
Slide 16: Revenue by Product and Application
Revenue by Product Revenue by Application DRAM 100% 21% 50% PC Server Graphics (including HBM) 32,827 Consumer Mobile 0% 23% '25 Q1 '25 Q4 '26 Q1 NAND 78% 100% 17,639 18% 76% 50% (Unit : KRW Billion) USB, Card & Others 80% Others Mobile NAND SSD (including discrete DRAM 0% NAND for SSDs) '25 Q1 '25
Slide 17: THE END
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Slide 18: [Attachment1] Statement of Financial Position
[Attachment1] Statement of Financial Position K-IFRS (KRW Billion) Q1'26 Q4'25 Q1'25 QoQ vs. Q4'24 Assets Current Assets 106,506 69,458 41,228 +37,048 +65,278 Cash & Cash Equivalents* 54,330 34,942 14,311 +19,388 +40,019 Accounts Receivables 33,808 18,199 10,629 +15,609 +23,179 Inventories 15,974 14
Slide 19: [Attachment2] Income Statement
[Attachment2] Income Statement K-IFRS (KRW Billion) Q1'26 Q4'25 Q1'25 QoQ YoY Revenue 52,576 32,827 17,639 +60% +198% Cost of Goods Sold 10,897 10,250 7,537 +6% +45% Gross Profit 41,679 22,576 10,102 +85% +313% SG&A Expenses 4,069 3,407 2,661 +19% +53% Operating Profit 37,610 19,170 7,441 +96% +405%