SK hynix’s second-quarter operating profit exceeded 60 trillion won, a record high, soaring 557% year-on-year
Topic: Global market volatility intensifies Institutions: A-shares still have medium- and long-term allocation value SK Hynix Corp said on Wednesday that its second-quarter revenue and operating profit hit record highs due to strong demand for high-bandwidth memory (HBM) chips and other storage products. According to regulatory documents submitted by the company, between April and June, net profit reached a record 93.92 trillion won (approximately US$64.6 billion), an increase of 1,242.5% from the same period last year. Its operating profit increased by 557.2% year-on-year to 60.54 trillion won. Revenue increased by 256.8% to 79.31 trillion won. The company's second-quarter operating profit margin reached 76%, also a record high, exceeding the 75% in the first quarter. This means that for every 10,000 won of sales, SK Hynix can earn an operating profit of approximately 7,600 won, a level extremely rare in the manufacturing industry. This also marks the third consecutive quarter since the fourth quarter of 2025 that SK hynix’s operating margin has exceeded TSMC's second-quarter operating profit margin reached 60.3%, and the gap between the two companies was about 15 percentage points. SK Hynix's strong results are expected to ease investor concerns about a potential artificial intelligence (AI) bubble and worries that demand for AI chips may have peaked, which have recently led to sharp declines in technology stocks. SK Hynix has consolidated its leadership in the HBM market by developing advanced memory chips in advance, and has become a key supplier to Nvidia as demand for artificial intelligence surges. According to market research firm Counterpoint Research, SK hynix ranked first in the global HBM market with a 58% share in the first quarter, consolidating its position as the industry's leading supplier. Longtime rivals Samsung Electronics and Technology each holds 21% market share. The company's leading position in the HBM field enabled it to surpass Samsung Electronics for the first time in June and become South Korea's most valuable listed company. As of the end of June, SK Hynix's cash reserves increased to approximately 88 trillion won, an increase of more than 33 trillion won from 54.3 trillion won three months ago. The company said it plans to use the funds to expand investment in key production facilities, including the Yongin semiconductor industrial cluster in southern Seoul, the Cheongju M15X wafer fab expansion project, and the construction of next-generation high-bandwidth memory (HBM) capacity.