SK Hynix Q2 earnings data is explosive! Two key metrics both hit quarterly records, and the after-hours stock price rebounded more than 5%
KOSPI gains expanded to 3%
- Revenue: KRW 79.3187 trillion (about $57.5 billion), up 257% year over year, and +51% quarter over quarter
- Operating profit: KRW 60.5426 trillion, up 557% year over year, and +61% quarter over quarter; operating margin reached 76.3% (Q1: 71.5%)
- Net profit: KRW 93.9226 trillion, up more than 12 times year over year; net margin 118%
But it misses expectations a bit: expected revenue was about KRW 83.9–84 trillion, and operating profit about KRW 64 trillion
The main reason is that earlier LTA (long-term agreement) pricing for HBM locked in the price; DRAM and NAND saw larger price increases, but due to capacity constraints, shipment volumes declined
Outlook remains positive $SKHYB
HBM4 began large-scale shipments in Q2, and in the second half it will further accelerate volume ramp-up; HBM4E samples have been delivered
Overall, absolute performance is still off the charts, but the “high expectations falling short” has triggered short-term sentiment swings
Things have been a bit turbulent lately—those looking to buy the dip may want to wait a bit longer
KOSPI gains expanded to 3%
- Revenue: KRW 79.3187 trillion (about $57.5 billion), up 257% year over year, and +51% quarter over quarter
- Operating profit: KRW 60.5426 trillion, up 557% year over year, and +61% quarter over quarter; operating margin reached 76.3% (Q1: 71.5%)
- Net profit: KRW 93.9226 trillion, up more than 12 times year over year; net margin 118%
But it misses expectations a bit: expected revenue was about KRW 83.9–84 trillion, and operating profit about KRW 64 trillion
The main reason is that earlier LTA (long-term agreement) pricing for HBM locked in the price; DRAM and NAND saw larger price increases, but due to capacity constraints, shipment volumes declined
Outlook remains positive $SKHYB
HBM4 began large-scale shipments in Q2, and in the second half it will further accelerate volume ramp-up; HBM4E samples have been delivered
Overall, absolute performance is still off the charts, but the “high expectations falling short” has triggered short-term sentiment swings
Things have been a bit turbulent lately—those looking to buy the dip may want to wait a bit longer
