---
title: "'Pray For Kospi': SK Hynix Earnings Miss, Sending Stock Reeling"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294123501.md"
description: "SK Hynix shares plummeted after reporting quarterly operating profit of 60.5 trillion won, missing analyst estimates of 64.2 trillion won, despite a surge in net income driven by one-time gains. Revenue also fell short of consensus at 79.3 trillion won. The miss raised concerns about the sustainability of the AI-driven chip boom, causing SK Hynix ADRs to drop 16% in after-hours trading and intensifying fears for the broader Kospi index."
datetime: "2026-07-28T23:12:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294123501.md)
  - [en](https://longbridge.com/en/news/294123501.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294123501.md)
generator: "portal-rs"
---

# 'Pray For Kospi': SK Hynix Earnings Miss, Sending Stock Reeling

Things are not going to be fun in South Korea tonight...

Good news first...

> *SK Hynix's **net income surged a bigger-than-expected 1,242%** (though admittedly on one-time investment gains) with the ginat chipmaker bragging that itwon multiyear contracts with around 10 customers.*

Ok, now the bad news...

> ***SK Hynix Inc.’s quarterly profit rose a smaller-than expected 557%**.*
> 
> *The key supplier of Nvidia reported operating profit of 60.5 trillion won ($42 billion) in the June quarter versus analysts’ average projection for 64.2 trillion won.* 
> 
> ***Revenue came to 79.3 trillion won**, significantly below the consensus 83.9 trillion won.*

All further raising fears that the hyperbolic nature of the AI-driven boom that has suspended reality from the cyclical chipmakers, may be starting to decelerate...

> *“When you’re the dominant supplier of the high-bandwidth memory that powers Nvidia’s chips, the AI boom lands directly on your bottom line,” said Josh Gilbert, Etoro’s lead analyst for APAC and the Middle East.*
> 
> ***“That means the market is unlikely to focus on the headline numbers alone. The bigger question is whether margins and guidance can justify its recent performance.”***

SKHY (the US ADRs) are trading down 16% in the after-hours (before Korean trading has begun)...

Following yesterday's major drop in Kospi, we have three simple words..

> Pray for Kospi
> 
> — zerohedge (@zerohedge) July 28, 2026

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**