SK Hynix second-quarter profit surges 557% to a new high — but misses estimates
Revenue rose 257% as SK Hynix expanded sales of AI server memory and began mass shipments of HBM4.
- On Tuesday, July 28, 2026, South Korea-based SK Hynix Inc. announced record-breaking quarterly financial results driven by high-value product sales amid strong AI demand.
- Sustained growth from expanding AI infrastructure investments and high-performance server products enabled the company to surpass previous records, as both DRAM and NAND flash memory prices experienced significant increases.
- The company reported 79.3187 trillion won in revenue and 60.5426 trillion won in operating profit, with year-over-year increases of 257% and 557%, respectively, while net income surged 133%.
- Cash and cash equivalents reached 88 trillion won while total debt decreased to 18.6 trillion won, and the company finalized Long-Term Agreements with around 10 key customers.
- To address structural demand growth, the company plans to scale 321-layer products to approximately 50% of domestic production capacity by year-end while ramping up HBM4 mass shipments.
24 Articles
24 Articles
Although SK Hynix has broken its all-time earnings record, the stock market's reaction has been cold. Even immediately after the earnings announcement, the stock price continued to fluctuate slightly without gaining momentum for a rebound. This is because the earnings fell short of market expectations, and the US artificial intelligence
SK Hynix Surges in Q2 with Record Profits Boosted by AI Demand
SK Hynix, a prominent South Korean chipmaker, reported a staggering 557% increase in quarterly operating profit. The surge is attributed to the growing demand for advanced memory chips as technology companies invest in AI data centers. The company's Q2 profit reached 60.5 trillion won, driven by strong performance in the AI sector.
The South Korean electronic chip giant reported that its April-June operating result jumped by 557% compared to the same period of the previous year.
Coverage Details
Bias Distribution
- 63% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
