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CNBC
SK Hynix second-quarter profit surges to a new high — but misses estimates
SK Hynix has reported a remarkable second-quarter performance, achieving record revenues and profits largely driven by the increasing demand for AI infrastructure. Revenue rose 257% year-on-year and operating profit surged nearly 557%, marking the highest quarterly figures in the company's history. Despite this growth, the results did not meet analyst expectations, suggesting potential challenges ahead. Notably, their cumulative revenue for the first half exceeded 100 trillion won, solidifying their position in the market driven by AI server demands.
MonitorConfidence: MediumShort term horizon
Published 28 Jul 2026, 23:55 UTC1 min read
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Summary
TL;DR
- Second-quarter revenue increased 257% year-on-year.
- Operating profit soared nearly 557% compared to last year.
- First half cumulative revenue surpassed 100 trillion won.
- Demand for AI infrastructure fueled revenue growth.
- New pricing records set for high-performance AI products.
Interesting facts
- SK Hynix's backlog includes major clients such as Nvidia.
- The company is increasing its focus on AI server components.
- This performance highlights the critical role of AI in boosting semiconductors.