SK Hynix Q2 profit surges but misses market forecast; shares slide

SemiconductorsSouth Korean chipmaker's earnings come as concerns rise over broader AI-fueled boomSouth Korean chipmaker SK Hynix has benefited from the ongoing boom in demand for semiconductors spurred by artificial intelligence. (Photo by Ahn Seong-bok)STEVEN BOROWIECJuly 29, 2026 08:52 JSTUpdated on July 29, 2026 11:

SK hynix reported record quarterly earnings for the second quarter on Wednesday, with operating profit of 60.54 trillion won ($41.6 billion), a 557.2 percent jump from a year earlier as memory prices for AI servers kept climbing. Revenue reached 79.32 trillion won, up 256.8 percent on-year and 51 percent from the first

The logo of SK hynix is displayed on a glass wall during the 2026 World IT Show in Seoul on April 22, 2026. Jung Yeon-je | Afp | Getty ImagesSK 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 ar

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

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 pr

The profit uplift helped to offset the banking group setting aside £1.4 billion to cover bad debts

Shares in China's biggest memory chip maker have soared by nearly 470% as they made their debut on the Shanghai Stock Exchange's tech-heavy Star Market.

Rolling coverage of the latest economic and financial news The Chinese fast fashion giant Shein reported a $99m (£74.1m) net loss in its first quarter, after the removal of an import duty exemption in the US on small packages triggered a slowdown in sales. The figures were released as part of the company’s pre-IPO pape