SK Hynix, Inc. (HXSCF) on Q2 2020 Results - Earnings Call Transcript

Jul. 23, 2020 1:59 AM ETSK Hynix, Inc. (HXSCF)1 Comment
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SK Hynix, Inc. (OTC:HXSCF) Q2 2020 Earnings Conference Call July 22, 2020 8:00 PM ET

Company Participants

Park SeongHwan - Head, IR

Cha Jin-seok - CFO

Conference Call Participants

Giuni Lee - Goldman Sachs Group

Marcus Shin - Mizuho Securities

Do-Yeon Choi - Shinhan Investment

Peter Lee - Citigroup

Jong Woo Yoo - Korea Investment & Securities

Hyunwoo Doh - NH Investment & Securities

Nicolas Gaudois - UBS Investment Bank


Good morning, and good evening. First of all, thank you all for joining this conference call. And now we will begin the conference of the fiscal Year 2020 second quarter earnings results by SK hynix. This conference will start with a presentation followed by a divisional Q&A session. [Operator Instructions].

Now we shall commence the presentation on the fiscal year 2020 second quarter earnings results by SK hynix.

Park SeongHwan

Good morning, and good afternoon and evening to those calling in from abroad. This is Park SeongHwan, the Head of IR at SK hynix. Welcome to the SK hynix 2020 Second Quarter Earnings Release Conference Call. Before starting the conference call, allow me to introduce the executives present here with me today. First, Cha Jin-seok, CFO of SK hynix; Park Myoungsoo, in charge of the DRAM Marketing; and Kim JeungTae, in charge of NAND Marketing.

Let me issue a disclaimer that all outlooks presented by the company are subject to change, depending on macroeconomic and market circumstances.

With that, we will present our quarterly earnings, future plans and market outlook.

Cha Jin-seok

Good morning. This is the CFO, Cha Jin-seok. I will first report on the company's financial performance in second quarter 2020. Consolidated sales in the second quarter was KRW8.607 trillion, up 20% from the previous quarter. Despite the persistent COVID-19-related uncertainties in the business environment, demand stayed strong for server memory, and the overall price environment

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