SK Hynix second-quarter profit surges to a new high — but misses estimates
SK Hynix announced second quarter earnings on Wednesday, with profit reaching a record but still missing estimates. Revenue more than tripled year over year.
Key PointsSK Hynix hits another record milestone as AI demand shows no sign of cooling down. Second-quarter profit and revenue both missed estimates.Revenue more than tripled from a year earlier.
In this articleSKHYSKHYFollow your favorite stocksCREATE FREE ACCOUNTThe logo of SK hynix is displayed on a glass wall during the 2026 World IT Show in Seoul on April 22, 2026. Jung Yeon-je | Afp | Getty ImagesSK Hynix on Wednesday posted another record quarterly profit, but missed analysts' estimates.Here are SK Hynix's second-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate: Revenue: 79.
32 trillion won ($54.55 billion) vs. 84 trillion won expectedOperating profit: 60.
54 trillion won vs. 64 trillion won expectedRevenue jumped 257% year on year in the quarter ended June from a year earlier, while operating profit soared nearly 557% year on year, the company's release showed. Compared with the previous quarter, revenue increased 51% while operating profit gained 61%.
The company said it saw sustained demand growth from expanding AI infrastructure investments, while high-performance products for AI servers led price increases that set a fresh record.For the first time in company history, its cumulative revenue for the first half of the year exceeded 100 trillion won, underscoring robust AI demand. The South Korean tech giant, which makes memory chips and supplies components for hardware from data centers to consumer electronics such as smartphones, counts U.
S. megacaps including Nvidia among its key clients — a partnership that recently expanded through a multiyear deal worth over $500 billion. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.