SK Hynix’s Record Profit Still Trails What Analysts Wanted to See

NewsWed, 29 Jul 2026 01:58:41 UTC1 hour ago

SK Hynix released its second-quarter financial results today, reporting a surge in profit and revenue. However, the numbers still missed analyst estimates.

The firm posted revenue of 79.3 trillion won, below LSEG SmartEstimates of 84 trillion won. Operating profit reached 60.54 trillion won, short of the 64 trillion won expected.

AI Demand Powers A Record Quarter For SK Hynix

According to the company's release, the quarter marked its best performance on record. SK Hynix reported revenue grew 257% year over year.

Operating profit rose 557%, lifting the operating margin to 76%. Net income came in at 93.92 trillion won, up 1,242% year on year.

The growth extended a record set just 3 months earlier. Revenue came in 51% above the first quarter, with operating profit up 61%. SK Hynix also passed 100 trillion won in cumulative first-half revenue for the first time.

Follow us on X to get the latest news as it happens

@SKhynix has released its second-quarter 2026 financial results.

The quarter was marked by another record performance, continued progress in HBM4, and expanded long-term customer partnerships.

🔗https://t.co/5kJbeW78sb #SKhynix #AIMemory #HBM #AIInfrastructure pic.twitter.com/4MaKaO6wmk
… Continue reading the full article at the original source below.

Read from Source · beincrypto.com ↗

This content is automatically aggregated. Full credit goes to the original publisher (beincrypto.com).

SK Hynix’s Record Profit Still Trails What Analysts Wanted to See

AI Demand Powers A Record Quarter For SK Hynix

Related

Blockaid Report Shows Crypto Hacks Hit New Record With Billions at Risk in 2026

Coinbase CEO Unveils AiFi Vision That Could Transform AI Forever

The Altcoin Window Could Be Opening Again: 5 Cryptos Worth Watching Before the Crowd Catches On

Bitcoin Miner Ionic Climbs 25% On Nasdaq Debut, Joining Hut 8’s AI Shift