Movement Alert|SK hynix Rises 3.14% in Regular Trading, Earnings Call Optimism and Long-Term Agreements Drive V-Shaped Reversal

Market Focus07-29 22:03

On July 29, SK hynix rose 3.14% in regular trading, trading at $134.725/share, with turnover of $2.708 billion. The stock had initially plunged sharply after Q2 earnings missed expectations but staged a V-shaped reversal during the session following optimistic guidance from management on the earnings call.

SK hynix reported Q2 operating profit surging 557% year-over-year to 60.5 trillion KRW and revenue rising 257% to 79.3 trillion KRW — both all-time records but below consensus estimates of 64 trillion and 84 trillion KRW respectively. DRAM average selling prices rose approximately 30% quarter-over-quarter. Despite the miss, management emphasized that AI investment has not slowed, with major cloud customers continuing to request additional memory chip supply. The company disclosed it has signed long-term agreements with approximately 10 customers and began mass shipment of HBM4 in Q2, with capacity expansion planned for the second half.

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