SK Hynix second-quarter profit surges 557% to a new high — but misses estimates

SK Hynix Stock Rises Overnight Even as Company Misses Profit Estimates - SK hynix (NASDAQ:SKHY)

SK Hynix Q2 earnings surged 557% YoY to record $54.5B revenue from AI memory demand, but operating profit missed forecasts. Long-term supply agreements with ~10 major customers for HBM4 chip production signal that AI infrastructure depends critically on advanced memory availability.