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 second-quarter profit surges 557% to a new high — but misses estimates
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
South Korean chipmaker SK hynix reported a 557 percent 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 ($41.6
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 pr