Technology

Lam Research Corporation Reports Financial Results for the Quarter Ended March 29, 2026

Published

5 hours ago

April 22, 2026

FREMONT, Calif., April 22, 2026 /PRNewswire/ — Lam Research Corporation (the “Company,” “Lam,” “Lam Research”) today announced financial results for the quarter ended March 29, 2026 (the “March 2026 quarter”).

Highlights for the March 2026 quarter were as follows:

Revenue of $5.84 billion.U.S. GAAP gross margin as a percent of revenue of 49.8%, U.S. GAAP operating margin as a percent of revenue of 35.0%, and U.S. GAAP diluted EPS of $1.45.Non-GAAP gross margin as a percent of revenue of 49.9%, non-GAAP operating margin as a percent of revenue of 35.0%, and non-GAAP diluted EPS of $1.47.

Key Financial Data for the Quarters Ended

March 29, 2026 and December 28, 2025

(in thousands, except per-share data, percentages, and basis points)

U.S. GAAP

March 2026

December 2025

Change Q/Q

Revenue

$ 5,841,488

$ 5,344,791

+9 %

Gross margin

49.8 %

49.6 %

+ 20 bps

Operating margin

35.0 %

33.9 %

+ 110 bps

Diluted EPS

$ 1.45

$ 1.26

+ 15 %

Non-GAAP

March 2026

December 2025

Change Q/Q

Revenue

$ 5,841,488

$ 5,344,791

+9 %

Gross margin

49.9 %

49.7 %

+ 20 bps

Operating margin

35.0 %

34.3 %

+ 70 bps

Diluted EPS

$ 1.47

$ 1.27

+ 16 %

U.S. GAAP Financial Results

For the March 2026 quarter, revenue was $5,841 million, gross margin was $2,911 million, or 49.8% of revenue, operating expenses were $864 million, operating margin was 35.0%, and net income was $1,825 million, or $1.45 per diluted share on a U.S. GAAP basis. This compares to revenue of $5,345 million, gross margin of $2,651 million, or 49.6% of revenue, operating expenses of $841 million, operating margin of 33.9%, and net income of $1,594 million, or $1.26 per diluted share, for the quarter ended December 28, 2025 (the “December 2025 quarter”).

Non-GAAP Financial Results

For the March 2026 quarter, non-GAAP gross margin was $2,913 million, or 49.9% of revenue, non-GAAP operating expenses were $866 million, non-GAAP operating margin was 35.0%, and non-GAAP net income was $1,851 million, or $1.47 per diluted share. This compares to non-GAAP gross margin of $2,658 million, or 49.7% of revenue, non-GAAP operating expenses of $827 million, non-GAAP operating margin of 34.3%, and non-GAAP net income of $1,598 million, or $1.27 per diluted share, for the December 2025 quarter.

“Lam delivered record revenue and EPS in the March quarter as AI-driven demand reshapes the semiconductor industry,” said Tim Archer, Lam Research’s President and Chief Executive Officer. “Our strategic investments and the velocity of our execution are generating strong momentum, enabling customers’ AI roadmaps and driving Lam’s outperformance during this critical phase of industry growth.”

Balance Sheet and Cash Flow Results

Cash, cash equivalents, and restricted cash balances decreased to $4.77 billion at the end of the March 2026 quarter compared to $6.20 billion at the end of the December 2025 quarter. The decrease was primarily the result of cash deployed for capital return activities, principal payment on debt instruments, and capital expenditures, partially offset by cash generated from operating activities during the quarter.

Deferred revenue at the end of the March 2026 quarter decreased slightly to $2.22 billion compared to $2.25 billion as of the end of the December 2025 quarter. Lam’s deferred revenue balance does not include shipments to customers in Japan, to whom control does not transfer until customer acceptance. Shipments to customers in Japan are classified as inventory at cost until the time of acceptance. The estimated future revenue from shipments to customers in Japan was approximately $434 million as of March 29, 2026 and $226 million as of December 28, 2025.

Revenue

The geographic distribution of revenue during the March 2026 quarter is shown in the following table:

Region

Revenue

China

34 %

Korea

23 %

Taiwan

23 %

Japan

8 %

United States

6 %

Southeast Asia

4 %

Europe

2 %

The following table presents revenue disaggregated between systems and customer support-related revenue:

Three Months Ended

March 29,
2026

December 28,
2025

March 30,
2025

(In thousands)

Systems revenue

$ 3,730,582

$ 3,357,493

$ 3,035,276

Customer support-related revenue and other

2,110,906

1,987,298

1,684,899

$ 5,841,488

$ 5,344,791

$ 4,720,175

Systems revenue includes sales of new leading-edge equipment in deposition, etch, and other wafer fabrication markets.

Customer support-related revenue includes sales of customer service, spares, upgrades, and non-leading-edge equipment from our Reliant® product line.

Outlook

For the quarter ending June 28, 2026, Lam is providing the following guidance:

U.S. GAAP

Reconciling Items

Non-GAAP

Revenue

$6.60 Billion

+/-

$400 Million

—

$6.60 Billion

+/-

$400 Million

Gross margin

50.5 %

+/-

1 %

$ 2.7

Million

50.5 %

+/-

1 %

Operating margin

36.5 %

+/-

1 %

$ 3.0

Million

36.5 %

+/-

1 %

Net income per diluted share

$1.65

+/-

$0.15

$ 3.3

Million

$1.65

+/-

$0.15

Diluted share count

1.255 Billion

—

1.255 Billion

The information provided above is only an estimate of what the Company believes is realizable as of the date of this release and does not incorporate the potential impact of any business combinations, asset acquisitions, divestitures, restructuring, balance sheet valuation adjustments, financing arrangements, other investments, or other items that may be completed or realized after the date of this release, except as described below. U.S. GAAP to non-GAAP reconciling items provided include only those items that are known and can be estimated as of the date of this release. Actual results will vary from this model and the variations may be material. Reconciling items included above are as follows:

Gross margin – amortization related to intangible assets acquired through business combinations, $2.7 million.Operating margin – amortization related to intangible assets acquired through business combinations, $3.0 million.Net income per diluted share – amortization related to intangible assets acquired though business combinations, $3.0 million; amortization of debt discounts, $0.5 million; and associated tax benefit for non-GAAP items ($0.2 million); totaling $3.3 million.

Use of Non-GAAP Financial Results

In addition to U.S. GAAP results, this press release also contains non-GAAP financial results. The Company’s non-GAAP results for both the March 2026 and December 2025 quarters exclude amortization related to intangible assets acquired through business combinations, the effects of elective deferred compensation-related assets and liabilities, amortization of note discounts, and the net income tax effect of non-GAAP items. In addition, the March 2026 quarter excludes expenses associated with workforce optimization activities and their associated income tax effect.

Management uses non-GAAP gross margin, operating expense, operating income, operating margin, net income, and net income per diluted share to evaluate the Company’s operating and financial results. The Company believes the presentation of non-GAAP results is useful to investors for analyzing business trends and comparing performance to prior periods, along with enhancing investors’ ability to view the Company’s results from management’s perspective. Tables presenting reconciliations of non-GAAP results to U.S. GAAP results are included at the end of this press release and on the Company’s website at https://investor.lamresearch.com.

Caution Regarding Forward-Looking Statements

Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to: our outlook and guidance for future financial results, including revenue, gross margin, operating margin, net income per diluted share, and diluted share count; the extent to which our investments and rate of operational execution are enabling our customers, driving our performance and generating momentum; and customer and industry trends, including the role of AI as an industry driver. Some factors that may affect these forward-looking statements include: business, economic, political and/or regulatory conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorate or change; the actions of our customers and competitors may be inconsistent with our expectations; trade regulations, export controls, tariffs, trade disputes, and other geopolitical tensions may inhibit our ability to sell our products; supply chain cost increases, tariffs, export controls and other inflationary pressures have impacted and may continue to impact our profitability; supply chain disruptions, export controls or manufacturing capacity constraints may limit our ability to manufacture and sell our products; and natural and human-caused disasters, disease outbreaks, war, terrorism, political or governmental unrest or instability, or other events beyond our control may impact our operations and revenue in affected areas; as well as the other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the Risk Factors described in our most recent annual report on Form 10-K or subsequent quarterly report on Form 10-Q. These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update the information or statements made in this release.

Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam’s equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com. (LRCX)

Consolidated Financial Tables Follow.

LAM RESEARCH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data and percentages)

(unaudited)

Three Months Ended

Nine Months Ended

March 29,
2026

December 28,
2025

March 30,
2025

March 29,
2026

March 30,
2025

Revenue

$ 5,841,488

$ 5,344,791

$ 4,720,175

$ 16,510,452

$ 13,264,198

Cost of goods sold

2,930,961

2,693,629

2,406,489

8,263,884

6,874,848

Gross margin

2,910,527

2,651,162

2,313,686

8,246,568

6,389,350

Gross margin as a percent of revenue

49.8 %

49.6 %

49.0 %

49.9 %

48.2 %

Research and development

583,200

573,305

525,904

1,732,951

1,516,209

Selling, general and administrative

280,311

267,654

226,023

827,310

713,301

Total operating expenses

863,511

840,959

751,927

2,560,261

2,229,510

Operating income

2,047,016

1,810,203

1,561,759

5,686,307

4,159,840

Operating margin

35.0 %

33.9 %

33.1 %

34.4 %

31.4 %

Other income (expense), net

(35,460)

26,410

(25,035)

21,024

19,308

Income before income taxes

2,011,556

1,836,613

1,536,724

5,707,331

4,179,148

Income tax expense

(186,096)

(242,619)

(206,057)

(719,217)

(541,019)

Net income

$ 1,825,460

$ 1,593,994

$ 1,330,667

$ 4,988,114

$ 3,638,129

Net income per share:

Basic

$ 1.46

$ 1.27

$ 1.04

$ 3.97

$ 2.82

Diluted

$ 1.45

$ 1.26

$ 1.03

$ 3.95

$ 2.81

Number of shares used in per share calculations:

Basic

1,249,728

1,254,856

1,283,779

1,256,343

1,290,041

Diluted

1,257,325

1,261,739

1,288,100

1,262,792

1,294,545

Cash dividend declared per common share

$ 0.26

$ 0.23

$ 0.78

$ 0.69

LAM RESEARCH CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

March 29,
2026

December 28,
2025

June 29,
2025

(unaudited)

(1)

ASSETS

Cash and cash equivalents

$ 4,750,936

$ 6,180,440

$ 6,390,659

Accounts receivable, net

4,132,890

3,491,987

3,378,071

Inventories

3,999,992

4,037,682

4,307,991

Prepaid expenses and other current assets

413,099

307,914

440,274

Total current assets

13,296,917

14,018,023

14,516,995

Property and equipment, net

2,853,614

2,710,989

2,428,744

Goodwill and intangible assets

1,882,017

1,864,037

1,808,685

Other assets

2,759,362

2,798,122

2,590,836

Total assets

$ 20,791,910

$ 21,391,171

$ 21,345,260

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current portion of long-term debt and finance lease obligations

$ 4,095

$ 754,006

$ 754,311

Other current liabilities

5,238,303

5,459,147

5,814,114

Total current liabilities

5,242,398

6,213,153

6,568,425

Long-term debt and finance lease obligations

3,730,384

3,729,742

3,730,194

Income taxes payable

621,572

667,639

603,412

Other long-term liabilities

612,777

635,211

581,610

Total liabilities

10,207,131

11,245,745

11,483,641

Stockholders’ equity (2)

10,584,779

10,145,426

9,861,619

Total liabilities and stockholders’ equity

$ 20,791,910

$ 21,391,171

$ 21,345,260

(1)

Derived from audited financial statements.

(2)

Common shares issued and outstanding were 1,250,539 as of March 29, 2026, 1,251,180 as of December 28, 2025, and
1,268,740 as of June 29, 2025.

LAM RESEARCH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands, unaudited)

Three Months Ended

Nine Months Ended

March 29,
2026

December 28,
2025

March 30,
2025

March 29,
2026

March 30,
2025

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income

$ 1,825,460

$ 1,593,994

$ 1,330,667

$ 4,988,114

$ 3,638,129

Adjustments to reconcile net income to net cash provided

by operating activities:

Depreciation and amortization

116,322

103,925

97,343

321,891

287,838

Deferred income taxes

(19,478)

(30,957)

(19,992)

(113,310)

(211,568)

Equity-based compensation expense

96,616

88,539

87,115

282,396

249,085

Other, net

(2,855)

(19,961)

1,654

(24,706)

(7,395)

Changes in operating assets and liabilities

(874,645)

(255,495)

(188,124)

(1,053,956)

(337,013)

Net cash provided by operating activities

1,141,420

1,480,045

1,308,663

4,400,429

3,619,076

CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures and intangible assets

(331,604)

(260,879)

(288,058)

(777,604)

(586,995)

Other, net

(2,976)

3,096

(4,857)

(807)

8,154

Net cash used for investing activities

(334,580)

(257,783)

(292,915)

(778,411)

(578,841)

CASH FLOWS FROM FINANCING ACTIVITIES:

Principal payments on debt, including finance lease

obligations and payments for debt issuance costs

(751,194)

(1,462)

(504,037)

(754,073)

(506,003)

Treasury stock purchases, including excise tax payments

(1,162,837)

(1,466,155)

(435,321)

(3,604,783)

(2,130,044)

Dividends paid

(325,829)

(327,507)

(295,716)

(945,317)

(854,335)

Reissuance of treasury stock related to employee stock

purchase plan

—

67,185

—

67,185

60,557

Proceeds from issuance of common stock, net issuance

costs

9,167

3,854

1,993

13,021

1,756

Other, net

(1,117)

526

(13,511)

963

Net cash used for financing activities

(2,230,638)

(1,725,202)

(1,232,555)

(5,237,478)

(3,427,106)

Effect of exchange rate changes on cash, cash equivalents,

and restricted cash

(4,979)

(13,337)

2,380

(25,375)

(960)

Net change in cash, cash equivalents, and restricted cash

(1,428,777)

(516,277)

(214,427)

(1,640,835)

(387,831)

Cash, cash equivalents, and restricted cash at beginning of

period (1)

6,195,598

6,711,875

5,677,399

6,407,656

5,850,803

Cash, cash equivalents, and restricted cash at end of

period (1)

$ 4,766,821

$ 6,195,598

$ 5,462,972

$ 4,766,821

$ 5,462,972

(1)

Restricted cash is reported within Other assets in the Condensed Consolidated Balance Sheets

Non-GAAP Financial Summary

(in thousands, except percentages and per share data)

(unaudited)

Three Months Ended

March 29,
2026

December 28,
2025

Revenue

$ 5,841,488

$ 5,344,791

Gross margin

$ 2,913,123

$ 2,658,256

Gross margin as a percent of revenue

49.9 %

49.7 %

Operating expenses

$ 866,166

$ 827,486

Operating income

$ 2,046,957

$ 1,830,770

Operating margin

35.0 %

34.3 %

Net income

$ 1,851,442

$ 1,597,626

Net income per diluted share

$ 1.47

$ 1.27

Shares used in per share calculation – diluted

1,257,325

1,261,739

Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income

(in thousands, except per share data)

(unaudited)

Three Months Ended

March 29,
2026

December 28,
2025

U.S. GAAP net income

$ 1,825,460

$ 1,593,994

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations – cost of goods sold

2,668

Elective deferred compensation (“EDC”) related liability valuation (decrease) increase – cost of goods sold

(6,476)

4,426

Workforce optimization charges – cost of goods sold

6,404

—

EDC related liability valuation (decrease) increase – research and development

(11,656)

7,968

Workforce optimization charges – research and development

9,437

—

Amortization related to intangible assets acquired through certain business combinations – selling, general

and administrative

348

193

EDC related liability valuation (decrease) increase – selling, general and administrative

(7,771)

5,312

Workforce optimization charges – selling, general and administrative

6,987

—

Amortization of note discounts – other income (expense), net

674

701

Loss (gain) on EDC related asset – other income (expense), net

27,265

(16,628)

Net income tax benefit on non-GAAP items

(1,898)

(1,008)

Non-GAAP net income

$ 1,851,442

$ 1,597,626

Non-GAAP net income per diluted share

$ 1.47

$ 1.27

U.S. GAAP net income per diluted share

$ 1.45

$ 1.26

U.S. GAAP and non-GAAP number of shares used for per diluted share calculation

1,257,325

1,261,739

Reconciliation of U.S. GAAP Gross Margin, Operating Expenses and Operating Income to Non-GAAP Gross Margin,

Operating Expenses and Operating Income

(in thousands, except percentages)

(unaudited)

Three Months Ended

March 29,
2026

December 28,
2025

U.S. GAAP gross margin

$ 2,910,527

$ 2,651,162

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations

2,668

EDC related liability valuation (decrease) increase

(6,476)

4,426

Workforce optimization charges

6,404

—

Non-GAAP gross margin

$ 2,913,123

$ 2,658,256

U.S. GAAP gross margin as a percent of revenue

49.8 %

49.6 %

Non-GAAP gross margin as a percent of revenue

49.9 %

49.7 %

U.S. GAAP operating expenses

$ 863,511

$ 840,959

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations

(348)

(193)

EDC related liability valuation decrease (increase)

19,427

(13,280)

Workforce optimization charges

(16,424)

—

Non-GAAP operating expenses

$ 866,166

$ 827,486

U.S. GAAP operating income

$ 2,047,016

$ 1,810,203

Non-GAAP operating income

$ 2,046,957

$ 1,830,770

U.S. GAAP operating margin

35.0 %

33.9 %

Non-GAAP operating margin

35.0 %

34.3 %

Lam Research Corporation Contacts:
Ram Ganesh, Investor Relations, phone: 510-572-1615, e-mail: investor.relations@lamresearch.com

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SOURCE Lam Research Corporation

Technology

Hyundai Motor Connects with Next Generation of Football Fans through ‘Hyundai NEXT Cup Tour’ on ‘Top Eleven’

Published

30 minutes ago

April 23, 2026

Hyundai Motor, together with Nordeus, launches the ‘Hyundai NEXT Cup Tour,’ an immersive in-game event on the popular mobile football management game ‘Top Eleven: Be a Football Manager’The campaign builds on Hyundai Motor’s 25+ year history in football, extending its presence beyond physical stadiums to connect with digital-native generations (Gen Z and Gen Alpha)The event integrates Hyundai Motor’s strategic vehicle models into a 10-nation virtual tour, reinterpreting their unique features as in-game football skillsThis collaboration marks Hyundai Motor’s expansion into the tactical football management genre, moving beyond traditional racing game partnerships

SEOUL, South Korea, April 22, 2026 /PRNewswire/ — Hyundai Motor Company today announced the launch of the ‘Hyundai NEXT Cup Tour,’ a new in-game event in ‘Top Eleven : Be a Football Manager‘, one of the world’s most popular mobile football management games.

Running from April 23–May 2, the event coincides with Top Eleven’s 16th Anniversary season, leveraging a period of peak player engagement. As football fandom continues to evolve, Hyundai Motor has been exploring new ways to connect with fans across different environments and moments — from shared live experiences to more personal, digital-first forms of engagement. Rather than simply branching into new genres, the initiative broadens the football experience beyond physical venues — creating a vibrant space for fans to connect with the sport anytime, anywhere.

“For more than 25 years, football has been a powerful platform for Hyundai to connect with people worldwide. With the ‘Hyundai NEXT Cup Tour’ in Top Eleven, we are opening a new chapter by translating the energy and strategy of the game into an interactive experience. This collaboration feels native to digital-first audiences and reflects how the next generation engages with the sport they love.” – Sungwon Jee, Executive Vice President and Global Chief Marketing Officer at Hyundai Motor Company

“Hyundai Motor has, for years, been at the intersection of football and some of the world’s most celebrated brands, so welcoming them to the Top Eleven touchline is an exciting milestone. As the game approaches its 16th anniversary of delighting football fans worldwide, bringing this event to life at such a thrilling moment for football, together with Hyundai Motor, reflects Top Eleven’s commitment to continuously finding new ways to deliver unique, evergreen football stories for fans.” – Marko Jevtic, Executive Vice President at Nordeus

What is the ‘Hyundai NEXT Cup Tour’?

‘Hyundai NEXT Cup Tour’ invites Top Eleven players to manage their club through a series of 10 sequential missions across the world. The virtual tour begins in Indonesia and travels through 10 of Hyundai Motor’s key global markets, culminating in the United States, mirroring the brand’s story of global growth. This structure allows the brand to deliver high-impact engagement that connects with the game’s core loop of strategy, progression and decision-making.

How Does the In-Game Integration Work?

Rather than a one-way advertising exposure, the event seamlessly integrates Hyundai Motor’s flagship vehicle models into the player’s strategic journey. Each of the 10 tour stops features a locally representative model, with the vehicle’s unique selling proposition reinterpreted as an in-game football activity.

For example, IONIQ 5’s ultra-fast charging is framed as keeping a team’s condition high during a packed schedule, while INSTER’s blend of speed and compactness positions it well for reacting at a moment’s notice with velocity and agility. Players who progress through the in-game missions can earn exclusive, limited-edition Hyundai-branded in-game items, including a team jersey and an emblem.

This initiative reflects Hyundai Motor’s commitment to evolving its brand experience for digital natives, carrying the energy, unity and inspiration of sport into the next generation of gaming experiences.

More information about Hyundai Motor and its products can be found at:
https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai

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SOURCE Hyundai Motor Company

Technology

SK hynix Announces 1Q26 Financial Results

Published

30 minutes ago

April 23, 2026

Reports revenues of 52.5763 trillion won, operating profit of 37.6103 trillion won, net profit of 40.3459 trillion wonRecord-high quarterly performance driven by increased sales of high value-added products from strong AI demandBy launching advanced products, the company will try to address growing market demand in the looming agentic AI eraCompany to secure both stable supply and robust financial conditions through investment aligned with demand

SEOUL, South Korea, April 22, 2026 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that it has recorded 52.5763 trillion won in revenues, 37.6103 trillion won in operating profit (with an operating margin of 72%), and 40.3459 trillion won in net profit (with a net margin of 77%) in the first quarter.

Revenue surpassed 50 trillion won for the first time on a quarterly basis, while operating profit and operating margin reached record highs at 37.6 trillion won and 72%, respectively[1]. Operating profit has nearly doubled compared to the previous quarter, clearly demonstrating an improving profitability.

[1] 4Q2025 Revenue: 32.8267 trillion won / 4Q2025 Operating Profit: 19.1696 trillion won

SK hynix noted that despite the fact that first quarter is typically a seasonal downturn, strong demand persisted due to expanded investments in AI infrastructure. The company sustained its upward performance trend by increasing sales of high-value-added products, including HBM, high-capacity server DRAM modules, and eSSDs.

Building on this strong performance, the company’s cash and cash equivalents at the end of the first quarter increased by 19.4 trillion won from the previous quarter, reaching 54.3 trillion won. Meanwhile, interest bearing debt stood at 19.3 trillion won down 2.9 trillion won from the previous quarter, enabling the company to reach a net cash position of 35 trillion won.

The company analyzed that as AI evolves from large model training to the stage of agentic AI, which repeatedly performs real-time inference across various service environments, the foundation for memory demand is expanding across both DRAM and NAND flash.

SK hynix also predicted that the spread of memory efficiency technologies will enhance the economic viability of AI services, leading to an expansion of the overall service scale and further drive memory demand. Based on this, the company forecasted that favorable pricing conditions will continue for both DRAM and NAND flash.

To meet this demand, the company, plans to continue rolling out new products across both DRAM and NAND flash to address the diversifying memory demand.

Regarding HBM, the company will further strengthen its capabilities, encompassing performance, yield, quality, and supply stability. In DRAM, the company will fully ramp up the shipment of LPDDR6, which applied 1cnm process, or the sixth-generation of the 10-nanometer technology, for the world’s first time, and the 192GB SOCAMM2, which is based on the same process and began mass production this month.

For NAND flash, the company will flexibly address AI demand with CTF[2] based 321-layer QLC[3] cSSD ‘PQC21’, and eSSD lineup of high-performance TLC and high-capacity QLC. Especially, by leveraging synergies with Solidigm, which holds strengths in high-capacity QLC eSSDs, the company plans to strengthen its competitiveness in the AI data center and AI PC storage markets.

[2] Charge Trap Flash (CTF): Unlike floating gate, which stores electric charges in conductors, CTF stores electric charges in insulators, which eliminates interference between cells, improving read and write performance while reducing cell area per unit compared to floating gate technology.

[3] Quad-level cell (QLC): NAND flash is categorized as single-level cell (SLC), multi-level cell (MLC), triple-level cell (TLC), QLC, and penta-level cell (PLC) depending on how many data bits can be stored in one cell. As the amount of information storage increases, more data can be stored in the same volume.

Meanwhile, SK hynix emphasized that within the environment where customer demand exceeds supply capacity, securing stable supply capability to meet the structural demand growth of the AI era has emerged as a key competitive advantage.

Accordingly, the company explained that this year’s investment scale will increase significantly compared to the previous year, focusing on the ramp-up of M15X, infrastructure preparation on the Yongin cluster, and securing key equipment such as EUV.

The company highlighted that it will secure both stable supply and robust financial conditions through investment aligned with demand and will strategically expand production bases to proactively respond to long-term demand growth.

1Q26 Financial Results (K-IFRS)

*Unit: Billion KRW

1Q26

QoQ

YoY

4Q25

Change

1Q25

Change

Revenues

52,576.3

32,826.7

60 %

17,639.1

198 %

Operating Profit

37,610.3

19,169.6

96 %

7,440.5

405 %

Operating Margin

72 %

58 %

14%P

42 %

30%P

Net Income

40,345.9

15,246.0

165 %

8,108.2

398 %

※ Financial information of the earnings is based on K-IFRS

※ Please note that the financial results discussed herein are preliminary and speak only as of April 23, 2026. Readers should not assume that this information remains operative at a later time.

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 contained in this material, and such information should not be relied upon. Neither the Company nor its employees bear any civil, criminal, or administrative liability for any damages arising from this material or from its use.

Review of the FY2026 Q1 financial results has not been finalized. Figures in this earnings release are subject to changes during the independent auditing process.

All financial information contained in this document is based on consolidated K-IFRS.

This material contains forward-looking statements which can be subject to certain risks and uncertainties that could cause actual results to differ materially.

This material does not constitute a solicitation for the acquisition or purchase of securities, and no part of this material should serve as the basis for any contract, agreement, or investment decision, nor should it be relied upon in connection therewith.

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”) and flash memory chips (“NAND flash”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

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SOURCE SK hynix Inc.

Technology

RhythMedix Launches Next-Generation RhythmStar® SL Cardiac Monitor

Published

2 hours ago

April 22, 2026

Advancing Remote Cardiac Monitoring with Faster Insights, Greater Comfort, and Seamless Connectivity

MOUNT LAUREL, N.J., April 22, 2026 /PRNewswire/ — RhythMedix, LLC (RhythMedix), a nationwide U.S.-based cardiac monitoring company, today announced the launch of its next-generation RhythmStar® SL cardiac monitoring wearable. The third-generation design significantly enhances the patient experience, improving comfort, wearability, and patient adherence. These advancements are enabled by a compact lead configuration, waterproof IPX-6 rating, and increased battery life.

RhythmStar continues to differentiate through its built-in cellular connectivity, enabling ECG data to be automatically transmitted to the cloud for seamless, prompt review across all monitoring modes – without requiring device return by mail for data processing.

When paired with the company’s proprietary Augmented Arrhythmia Intelligence™ (AAI), RhythmStar SL delivers precise arrhythmia detection by combining advanced algorithms with a multi-layered data review process.

“RhythmStar represents our commitment to delivering a better way to monitor, one that prioritizes both patient comfort and clinical performance,” said Brian Pike, CEO of RhythMedix. “By combining a more wearable design with seamless data transmission and expert review, we’re helping clinicians access the insights they need, when they need them.”

“RhythMedix is taking a truly visionary approach to cardiac monitoring by combining patient-friendly design with advanced technology and expert oversight, helping clinicians make more confident, timely decisions,” stated George Shaw, MD, Electrophysiologist at AHN Allegheny Health Network. “It’s a meaningful step forward in how we deliver and manage cardiac care.”

With over 2 million hearts monitored to date, RhythMedix continues to advance remote cardiac monitoring through technology designed to improve both patient adherence and clinical workflow. The company will be exhibiting at HRS 2026 (Booth #531), including in-booth discussions with leading electrophysiologists.

About RhythMedix

Founded in 2013 and headquartered in Mount Laurel, New Jersey, RhythMedix is a fully integrated cardiac monitoring company providing end-to-end device manufacturing, software development, and 24/7 U.S.-based monitoring services. With no third-party dependence, RhythMedix delivers a seamless and secure remote cardiac monitoring experience for clinics, health systems, and patients nationwide.

To learn more, visit rhythmedix.com.

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SOURCE RHYTHMEDIX