SK Hynix stock reports record Q2 revenue and profit growth

Published on 09/30/2026 at 13:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SK Hynix posted KRW 79.3 trillion of Q2 revenue on July 29, 2026, while operating profit reached KRW 60.5 trillion. AI memory demand supports capacity expansion.

SK Hynix, KR7000660001, Illustration mit AI erstellt.

SK Hynix (ISIN KR7000660001) delivered record second-quarter 2026 revenue of KRW 79.3 trillion, up 257 percent year over year, according to Yahoo Finance on July 29, 2026. The result puts artificial intelligence memory demand at the center of the investment case.

Profit growth outpaces revenue

Operating profit rose to KRW 60.5 trillion in Q2 2026, an increase of 557 percent from the year-earlier period, while the quarter-on-quarter gain was 61 percent, Yahoo Finance reported. The operating margin reached 76 percent, up 5 percentage points from the prior quarter, showing that pricing and product mix amplified the revenue increase.

Net profit was KRW 93.9 trillion in Q2 2026, but investment gains materially influenced that figure. Operating profit is the cleaner indicator for the chip cycle because it captures the profitability of memory sales before non-operating effects.

AI memory drives expansion

SK Hynix said HBM4 mass production shipments began in Q2 2026 and that full production ramp-up was planned for the second half of the year, according to the earnings-call transcript. The company also guided 2026 capital expenditure to the high KRW 40 trillion range as it accelerates M15X and prepares capacity linked to the Yongin Phase 1 cleanroom.

The same call described long-term supply agreements with roughly 10 customers and continuing negotiations with additional buyers. That structure can improve demand visibility, while the planned capacity spending raises the importance of keeping AI memory pricing and customer commitments aligned.

Analyst target rises to USD 250

On September 23, 2026, Wolfe Research analyst Chris Caso raised his SK Hynix price target from USD 200 to USD 250 and retained an Outperform rating, Börse Express reported. Caso cited ongoing memory price improvements and expected global demand to exceed supply through 2028.

SK Hynix stock was last quoted at KRW 1,862,000 on KRX on September 23, 2026. The dated market level provides the Korean-listed reference for a company whose earnings are increasingly tied to HBM, server DRAM and enterprise SSD demand.