SK Hynix Q2 Profit Surges 557% Yet Misses Estimates, Shares Drop 18%

SK Hynix Q2 operating profit hit record 60.5 trillion KRW (+557%), missing 64T KRW consensus. Revenue also missed at 79T KRW. Stock fell 9% intraday and another 9% after-hours.

Woofun AI data shows that SK Hynix reported a second-quarter operating profit of 60.5 trillion South Korean Won, representing a 557% year-over-year increase driven by AI data center demand. Despite this record high, the figure fell short of the market expectation of 64 trillion South Korean Won, attributed to lower high-bandwidth memory market share compared to competitors. Second-quarter revenue totaled 79 trillion South Korean Won, missing the 84 trillion South Korean Won forecast. Following the release, SK Hynix shares fell 9% in after-hours trading on Wall Street and dropped another 9% after hours.