SK Hynix shares dropped Wednesday as its impressive Q2 earnings growth fell short of analysts' heightened expectations fueled by the company's AI-driven market prominence.
SK Hynix Q2 profit surged 557% (60.54T won) but missed 64T forecast; stock fell 9.6% on AI spending concerns. Yet 10 long-term supply agreements with major tech signal shift to stable memory demand rather than spending collapse.
Operating profit for April-June period stood at 60.54 trillion won, missing analyst forecasts of 64 trillion won.
Jul 29, 2026
01:10 pm
What's the storySouth Korean chipmaker SK Hynix reported surging quarterly earnings, though its results fell short of high investor expectations fueled by the AI boom.
Operating profit for the April-June period jumped 557% to 60.54 trillion won ($42 billion), missing analyst forecasts of 64 trillion won.
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SK hynix Q2 profit jumps 557% on AI chip demand, misses forecasts
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SK Hynix Q2 profit jumps 557% on AI chip demand, misses forecasts
SK Hynix Q2 profit surges more than sixfold on continued memory demand
South Korean chipmaker's earnings come as concerns rise over broader AI-fueled boom
Despite record second-quarter profits fuelled by AI demand, SK hynix shares plunged as investors questioned whether the boom can…
SEOUL: South Korean chipmaker SK hynix reported bumper quarterly results on Wednesday (Jul 29) but fell short of lofty investor…
South Korean chipmaker's earnings come as concerns rise over broader AI-fueled boom
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