SK Hynix's Q2 profits surged sixfold but still "fell short of expectations," reaching long-term agreements with 10 customers, and HBM4 will accelerate volume production in the second half of the year
SK Hynix's operating profit in the second quarter surged 557% year-on-year to 60.5 trillion won, while revenue increased 257% to 79.3 trillion won, both setting historical records, but both fell short of market expectations. Analysts believe the core reason for not meeting expectations is that the high exposure of HBM limited the benefits of rising prices for general memory, with the price increase of memory in the second quarter significantly slowing compared to the first quarter, and long-term agreements locking prices weakened flexibility.
