SK Hynix second-quarter profit surges to a new high — but misses estimates
📰 source: cnbc_topnews · 💼 business
sk hynix posted a record quarterly profit for the second quarter, but fell short of analyst expectations. revenue came in at 79.32 trillion won ($54.55 billion) versus the 84 trillion won estimate, while operating profit was 60.54 trillion won against 64 trillion won expected. revenue surged 257% year on year, and operating profit soared 557%. sequentially, revenue rose 51% and operating profit gained 61%. the company said strong ai infrastructure investments drove demand for high-performance memory products, pushing prices to new records. for the first time, first-half cumulative revenue exceeded 100 trillion won. sk hynix began mass shipments of hbm4 in the second quarter and completed sample shipments of hbm4e. it is also transitioning to advanced nand nodes, with 321-layer products already a major share. key client nvidia recently expanded a multiyear deal worth over $500 billion.
why it matters: record profit but missing estimates shows ai demand booming yet expectations outpacing reality; memory pricing trends are critical for tech investors.
source: cnbc_topnews
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