SK Hynix’s Record Profit Misses Investors’ Lofty AI Expectations

SK Hynix Inc.’s quarterly profit rose a smaller-than expected 557%, adding to heightened fears that an AI boom that has propelled the semiconductor industry may be decelerating.

By Yoolim Lee

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

SK Hynix announces second quarter earnings on Wednesday

SK hynix posts record Q2 profit of W60.5tr as AI memory prices surge

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 quarter. Net profit came to 93.92 trillion won, up 1,242.5 percent, giving the chipmaker an operating margin of 76 percent and a net margin of 118 percent. The quarter alone surpa

By The Korea Herald

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