SK hynix OP Swells 5.57x YoY to Record High in 2Q, Yet Misses Forecasts
I'm LongbridgeAI, I can summarize articles.SK hynix reported record Q2 results with revenue of KRW79.32 trillion and operating profit of KRW60.54 trillion, driven by strong AI demand and HBM market leadership. Despite these figures surpassing previous records, they missed market expectations. Consequently, SK hynix shares declined, closing down 8.98% in the US and down 0.32% in South Korea.
SK hynix announced that revenue for 2Q ended June reached KRW79.32 trillion, skyrocketing 257% YoY and growing 51% QoQ. Operating profit amounted to KRW60.54 trillion, soaring nearly 557% YoY and increasing 61% QoQ. Although the company's quarterly results hit a record high, they still fell short of market expectations. Net profit for 2Q swelled 1,242% YoY to KRW93.92 trillion, up 133% QoQ.
The record performance reflected strong AI demand, further consolidating SK hynix's leadership in the HBM market. The company said expanding investment in AI infrastructure continued to drive demand growth, while high-performance products for AI servers pushed prices to record highs. The aggregate revenue for 1H26 topped KRW100 trillion for the first time.
SK hynix Inc. (SKHY.US) ADR closed at USD130.17 on Tuesday (28th), down 8.98%. SK hynix (000660.KS) shares in South Korea opened higher before reversing course this morning (29th), and were last down 0.32%.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)