Key Points
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Nvidia currently generates consistently higher revenue than SK Hynix, maintaining a clear lead across all seven comparable quarterly periods over the last two years.
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Both companies have experienced a sustained quarter-over-quarter upward trajectory in revenue over the past two years, with SK Hynix recovering steadily following a brief sequential decline during the initial months of 2025.
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Investors should monitor whether the revenue gap between the two companies continues to expand at its current pace, or if their respective growth trajectories begin to converge in upcoming quarters.
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Nvidia: Scaling Quarterly Revenue Rapidly
Nvidia (NASDAQ:NVDA) primarily generates revenue by designing and selling advanced graphics processing units (GPUs), networking interconnect solutions, and accelerated computational platforms for data centers, personal computer gaming systems, enterprise professional visualization workstations, autonomous automotive applications, and cloud gaming subscription services.
It recently agreed to supply Amazon-owned AWS with additional graphics processing units and expanded its software partnership with Meta Platforms, while simultaneously introducing new hardware reference architectures intended to reduce initial infrastructure deployment time for its commercial enterprise customers.
SK Hynix: Expanding Memory Semiconductor Revenue
SK Hynix (NASDAQ:SKHY) primarily generates revenue by designing, manufacturing, and selling a wide variety of advanced memory semiconductors, including dynamic random-access memory and diverse flash memory products with specialized configurations tailored to meet application-specific customer needs across global technology markets.
It recently showcased its new tenth-generation flash memory technology and officially commenced shipments of its latest high-bandwidth memory products to customers, while separately navigating a suspended initial public offering for its United States memory subsidiary, Solidigm, and defending against an ongoing antitrust class action lawsuit.
Why Revenue Matters for Investors
Revenue helps investors evaluate the total volume of products and services a company sells before deducting its operating costs, taxes, and other financial expenses. This metric reveals whether an organization is successfully attracting customers and growing its overall business volume over time.
Nvidia vs. SK Hynix Revenue over the last 8 quarters. Figures: SK Hynix shown in U.S. dollars, converted from South Korean won.
Quarterly Revenue for Nvidia and SK Hynix
| Calendar quarter | Nvidia Revenue | SK Hynix Revenue |
|---|---|---|
| Q4 2024 | $39.3 billion (quarter ended Jan. 26, 2025) | $14.1 billion (quarter ended Dec. 31, 2024) |
| Q1 2025 | $44.1 billion (quarter ended April 27, 2025) | $12.1 billion (quarter ended March 31, 2025) |
| Q2 2025 | $46.7 billion (quarter ended July 27, 2025) | $15.8 billion (quarter ended June 30, 2025) |
| Q3 2025 | $57.0 billion (quarter ended Oct. 26, 2025) | $17.6 billion (quarter ended Sept. 30, 2025) |
| Q4 2025 | $68.1 billion (quarter ended Jan. 25, 2026) | $22.6 billion (quarter ended Dec. 31, 2025) |
| Q1 2026 | $81.6 billion (quarter ended April 26, 2026) | $35.7 billion (quarter ended March 31, 2026) |
| Q2 2026 | $96.2 billion (quarter ended July 26, 2026) | $52.6 billion (quarter ended June 30, 2026) |
| Q3 2026 | Not yet reported | $73.3 billion (quarter ended Sept. 30, 2026) |
Data source: Financial Modeling Prep. SK Hynix’s figures are converted from South Korean won to U.S. dollars. Data as of Nov. 2, 2026.
Foolish Take
Both Nvidia and SK Hynix operate in key segments of the semiconductor industry, with the former’s GPUs underpinning the artificial intelligence boom, while the latter’s focus on advanced memory solutions now coming into the limelight.
Nvidia’s sales have grown spectacularly every quarter for the last two years, illustrating its central role in enabling AI systems, with businesses and governments around the world buying its GPUs. This trend is expected to continue. Nvidia forecasted sales of about $108 billion in its fiscal third quarter.
As the above chart shows, SK Hynix’s revenue took off in a big way just this year. The South Korean company experienced sharp percentage growth acceleration driven by soaring demand and high average selling prices for its high-bandwidth memory (HBM), which is critical for AI processors. SK Hynix is working to produce more HBM to meet customer needs, although that is expected to cause prices to fall eventually. This has made Wall Street cautious in terms of buying SK Hynix stock, with shares having fallen from its 52-week high of $199.87.
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Robert Izquierdo has positions in Amazon, Meta Platforms, Nvidia, and SK Hynix. The Motley Fool has positions in and recommends Amazon, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy.
