SK Hynix plunged more than 3% after the market opened
SK Hynix plummeted by more than 3% after the market closed. Q2 revenue in 2026 was 79.3 trillion won, a year-on-year increase of 256.8%; operating profit was 60.54 trillion won, a year-on-year increase of 557.2%.
SK Hynix plummeted by more than 3% after the market closed. Q2 revenue in 2026 was 79.3 trillion won, a year-on-year increase of 256.8%; operating profit was 60.54 trillion won, a year-on-year increase of 557.2%. U.S. storage concept stocks fell collectively after the market opened. SanDisk fell more than 5%, Micron Technology fell nearly 5%, and Western Digital fell more than 2%. The average selling price of DRAM in the second quarter increased by approximately 30% compared with the first quarter. The market demand for DRAM in 2026 will grow in the middle of the 20%-30% range year-on-year. The year-on-year growth rate of NAND market demand in 2026 will be at the high end of the 10%-20% range. Improvements in the efficiency of AI models and software are expected to expand the use and accessibility of AI and drive overall infrastructure demand. Capital expenditure is expected to reach a high of 40 trillion won in 2026. DRAM shipments are expected to increase by approximately 10% in the third quarter compared with the second quarter.