SK hynix Q2 Revenue Surges 257% YoY to 79.3T Won, Operating Profit Hits 60.5T Won
SKHY is trading near its 52-week low of $128.29 (1.9% above the low).
Summary
SK hynix reported preliminary Q2 2026 results with revenue of 79.3 trillion won (up 257% YoY) and operating profit of 60.5 trillion won (up 557% YoY), driven by AI memory demand. The results follow a US$26.5 billion ADR offering earlier in July.
Key Events · Earnings and Guidance · SKHY
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Revenue Triples Year-over-Year
Q2 2026 revenue reached 79.32 trillion won, a 256.8% increase from 22.23 trillion won in Q2 2025, driven by AI-related memory demand.
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Operating Profit Surges 557%
Operating profit hit 60.54 trillion won, up from 9.21 trillion won a year ago, reflecting strong pricing and volume growth in high-bandwidth memory.
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Net Profit Exceeds 93 Trillion Won
Profit for the period attributable to controlling interests was 93.82 trillion won, a 1,240.8% increase YoY, highlighting exceptional profitability.
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First-Half Results Show Sustained Momentum
H1 2026 YTD revenue of 131.90 trillion won and operating profit of 98.15 trillion won already exceed full-year 2025 levels, with YoY growth of 230.8% and 489.4% respectively.
Analysis · SKHY · Manufacturing
SK hynix delivered explosive Q2 2026 preliminary results, with revenue more than tripling year-over-year and operating profit surging over sixfold. The quarter benefited from the AI-driven memory boom, with HBM and enterprise SSD demand driving both volume and pricing. Profit for the period reached 93.9 trillion won, a 1,242% increase from a year ago, underscoring the company's dominant position in high-bandwidth memory. These results come just two weeks after a massive US$26.5 billion ADR offering, which was likely timed to capitalize on the strong operating momentum. The stock trades near its 52-week low despite the blowout numbers, suggesting the market had already priced in much of the recovery or remains concerned about cyclical risks.
At the time of this filing, SKHY was trading at $130.71 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $772.7B. The 52-week trading range was $128.29 to $194.80. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.