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.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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