SK hynix Inc. today announced financial results for its first quarter 2021 ended on March 31, 2021. The consolidated revenue of the first quarter 2021 was 8.494 trillion won while the operating profit amounted to 1.324 trillion won, and the net income 993 billion won. Operating margin for the quarter was 16% and net margin was 12%.

The Company made better results both QoQ and YoY in the first quarter as the semiconductor market conditions improved earlier this year. Although the first quarter is usually off-season of the semiconductor industry, the Company said that the market conditions improved as demand for memory products for PCs and mobiles increased. In addition, cost competitiveness has increased as yields of major products have improved. Through this, the revenue and the operating profit increased by 7% and 37%, respectively, compared to the previous quarter.