SK Hynix Q2 profit jumps 557% on AI chip demand, misses forecasts

FILE PHOTO: A logo of Semiconductor and memory chip company SK Hynix during the company's debut at the Nasdaq market in New York City, U.S., July 10, 2026. REUTERS/Angelina Katsanis/File Photo 29 Jul 2026 06:57AM SEOUL, July 29 : South Korean chipmaker SK Hynix reported a 557 per cent increase in quarterly operating profit to a record high on Wednesday, driven by robust demand for advanced memory chips as big technology firms ramped up spending on AI data centres.The Nvidia supplier reported an operating profit of 60.5 trillion won ($41.62 billion) for the April-June period, compared with 9.2 trillion won a year earlier. That compared with a 64 trillion won forecast by LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate. SK Hynix missed analysts' foreca