SK Hynix second-quarter profit surges 557% to a new high — but misses estimates
The chipmaker said demand from AI data centers and long-term customer deals lifted revenue 257% and operating profit 557% year over year.
- On Wednesday, Icheon-headquartered chipmaker SK Hynix reported an all-time high quarterly net profit of 94 trillion won , with operating profit jumping 557 percent to 60 trillion won.
- Despite record earnings, SK Hynix shares fell 10 percent in Seoul on Wednesday amid investor concerns about AI industry sustainability and doubts over whether massive infrastructure spending justifies current valuations.
- SK Hynix plans to increase capital spending to at least 45 trillion won for 2026, building on parent firm SK Group's Saturday announcement of a $500 billion collaboration with Nvidia on AI infrastructure.
- Marketing chief of the AI microchip division Park Joon-deok said the firm views current developments as "maximising the utilisation of the massive AI infrastructure built to date and accelerating its monetisation."
- SK Hynix executives maintain memory supply shortages will persist through 2030, echoing SK Group Chairman Chey Tae-won's outlook, while KB Securities analyst Kim Dong-won forecast prices will rise "at least 30 percent in the third quarter.
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Big Tech demanding deals that smooth out memory prices, says SK Hynix
South Korean memory-maker SK Hynix has revealed that it’s struck “around ten” long-term supply deals with key customers, many of them AI players, and hopes the deals smooth out volatile memory prices. The company revealed the deals today, along with Q2 results that saw quarterly revenue reach ₩79.3 trillion ($54.5 billion), a 257 percent year-over-year increase. Operating profit grew by an even larger number: 557 percent year-over-year to ₩60.5 …
Record profits and price collapses are currently going hand in hand with the market leader for AI storage chips. Not even an optimistic outlook can defeat the skepticism of investors in AI and chip stocks.
SK hynix posts 1,200% net profit boost on AI chip boom
SK hynix is a specialist supplier of high-bandwidth memory chips to US industry behemoth Nvidia, and a pillar of South Korea's tech-led economy. The global race to build data centres hosting AI infrastructure has seen a meteoric rise in the firm's fortunes, despite concern the sector may be overvalued in a market bubble. Wednesday's earnings figures, including quarterly net profit of 94 trillion won ($64 billion), were described in a statement b…
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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
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