SK Hynix Q2 Profit Misses Forecasts, 2026 Capex Hits 4T KRW

SK Hynix reports Q2 operating profit of 6.05 trillion KRW, missing expectations. HBM4 mass production is underway, with 2026 capex projected at 4 trillion KRW.

Woofun AI reports that SK Hynix achieved HBM4 mass production and shipments in the second quarter, with supply expansion planned for the latter half of the year. The company delivered HBM4E samples using optimal process technology and signed long-term supply agreements with ten customers to stabilize demand. Capital expenditure for 2026 is projected to reach the high end of the 4 trillion Korean won range.

DRAM shipment volumes are expected to rise approximately 10% in the third quarter, while NAND growth remains in the low single digits. The company anticipates 20%-30% year-on-year growth in DRAM demand and 10%-20% in NAND demand for 2026, driven by AI infrastructure needs and recovering smartphone and PC markets.