SK hynix Inc. reported today revenues of 12.16 trillion won, operating profit of 2.86 trillion won (with OP margin of 24%) and net income of 1.98 trillion won (net income margin 16%) in the first quarter of 2022.

The quarterly revenues of more than 12 trillion won in the low season of the January-March period top those of the first quarter of 2018 when memory industry enjoyed one of the best times. A smaller-than-expected fall in memory chip prices and revenues of Solidigm, which was incorporated as SK hynix's subsidiary at the end of 2021, contributed to the earnings. The operating profit of 2.86 trillion won is also the best performance for the first quarter since 2018.