SK hynix posts a record second quarter: operating profit of 60.5 trillion won, up 557 percent year on year

SK hynix, the world's second largest memory chipmaker, announced in Seoul on Wednesday, 29 July 2026 (7 Mordad 1405), that in the second quarter of 2026 it recorded revenues of 79.3187 trillion won, operating profit of 60.5426 trillion won (an operating margin of 76 percent) and net profit of 93.9226 trillion won (a net margin of 118 percent), the best quarterly performance in the company's history. The company said revenue and operating profit rose 257 percent and 557 percent respectively from the same period a year earlier.

For comparison, the company reported revenue of 22.232 trillion won and operating profit of 9.2129 trillion won in the second quarter of 2025, and revenue of 52.5763 trillion won and operating profit of 37.6103 trillion won in the first quarter of 2026. Cumulative first half revenue crossed the 100 trillion won mark for the first time in company history. Cash and cash equivalents reached 88 trillion won at the end of the second quarter, up 33.6 trillion won from the previous quarter, while total debt fell by 0.7 trillion won to 18.6 trillion won.

The company said mass shipments of HBM4 memory began in the second quarter and will ramp up in the second half of the year. Despite these records, market reports indicate the profit came in below analyst estimates. The company stressed that the figures are preliminary and speak only as of 29 July 2026.