Yoolim Lee / Bloomberg:
SK Hynix reports Q1 revenue of ~$9B, more than doubling YoY, and ~$2B in operating income, above estimates of ~$1.3B and the biggest quarterly profit since 2022 — Sales at the world’s No. 2 maker of memory more than doubled to 12.4 trillion won ($9 billion) in the March quarter, beating expectations.
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