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SK Hynix second-quarter revenue more than triples — but misses estimates

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Why This Matters

SK Hynix's second-quarter results highlight a significant surge in revenue and profits driven by booming AI infrastructure investments and high-performance memory products. Despite missing analyst estimates, the company's record revenue and strategic focus on advanced memory technologies position it as a key player in the growing AI and data center markets, impacting both the tech industry and consumers reliant on high-speed data processing. This underscores the increasing importance of memory technology advancements in supporting AI growth and digital transformation.

Key Takeaways

The logo of SK hynix is displayed on a glass wall during the 2026 World IT Show in Seoul on April 22, 2026.

SK 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 expected

Operating profit: 60.54 trillion won vs. 64 trillion won expected

Revenue 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.

Both DRAM and NAND flash memory prices saw a quarter-over-quarter increase, with the company achieving top-tier profitability by expanding sales focused on high-value-added products, including HBM, DRAM for AI servers, and enterprise SSDs.

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