SK Hynix Posts Record Q2 Operating Profit of 60.54T KRW, Operating Margin Hits 76.3%

According to Financial News, SK Hynix reported record second-quarter results on July 29, with operating profit of 60.54 trillion KRW, up 557.2% year-over-year. The operating margin reached 76.3%, surpassing Taiwan's TSMC (60.3%) for three consecutive quarters, driven by HBM and AI server DRAM sales.

Despite the strong earnings, the stock fell 10.65% as of early afternoon trading. Analysts attribute the decline to market expectations exceeding actual results, with consensus estimates at 63.66 trillion KRW, and the gap reflecting SK Hynix's shift toward high-margin HBM products versus competitors with higher exposure to commodity memory price increases.