SK Hynix second-quarter profit surges 557% to a new high — but misses estimates
The chipmaker said AI memory demand lifted revenue 257% and operating profit 557%, while it starts mass shipments of next-generation HBM4.
- On Wednesday, SK Hynix reported record second-quarter revenue of 79.3 trillion won and operating profit of 60.5 trillion won, a 557% year-on-year surge driven by robust AI memory demand.
- Despite these record results, the company fell short of analyst consensus forecasts, missing a 64 trillion won operating profit estimate, which fueled investor concerns about AI infrastructure investment sustainability.
- To secure future demand, Hynix finalized long-term agreements with around 10 key customers and began mass shipments of HBM4, the high-bandwidth memory chips used by Nvidia in AI servers.
- Shares of the Nvidia supplier tumbled 14 percent on Tuesday and closed a further 9.6 percent lower on Wednesday, reflecting investor anxiety over elevated AI valuations amid record earnings.
- Management remains confident the AI-driven memory supercycle is intact, planning 40 trillion won in capital investments this year to expand production capacity and maintain technological leadership.
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SK Hynix Made $42B in One Quarter But Investor Still Yawned
SK Hynix just turned in the most profitable quarter in its history — and investors punished it. The South Korean chipmaker reported $42 billion in operating profit for Q2 2026. That’s a 557% leap from a year ago. But it missed what analysts expected, and in today’s AI chip market, a miss is a miss. Here’s what’s going on. The Numbers Are Absurd. The Reaction Is Worse. SK Hynix posted revenue of $54.6 billion and operating profit of $41.6 billion…
Is SK Hynix Stock a Buy After Its Latest Earnings Report?
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The South Korean SK Hynix, the leading high-speed memory manufacturer, released quarterly results this Wednesday that reinforce the positive impact of the artificial intelligence boom on the South Korean chip manufacturer. The revenue more than tripled in relation to the same period of the previous year, reaching about US$ 54.5 billion, while the operating profit went 557%. In Washington: Nvidia CEO defends open-weight artificial intelligence mo…
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