Nvidia supplier SK Hynix Q2 profit rises 69%, slightly above forecasts
The Nvidia supplier reported a 9.2 trillion won ($6.69 billion) operating profit for the April-June period versus 5.5 trillion won a year earlier.
That compared with a 9.0 trillion won average forecast by LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate.
The firm has been a main high-bandwidth memory (HBM) chip supplier to Nvidia, as its cross-town rival Samsung Electronics has struggled to keep up in the race.
($1 = 1,374.5800 won)
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