SK Hynix Reports Q2 Revenue of $54.6B
SK Hynix reports Q2 revenue of $54.6B, up 257% YoY
SKHY reported Q2'26 revenue of $54.6B vs $57.7B expected, up 257% YoY and 51% QoQ, while operating profit came in at $41.6B vs $44.2B expected, up 557% YoY.
Operating margin hit a record 76%, with gross margin at 83% and EBITDA of $44.4B, or an 81% margin.
Pricing remained extremely strong, with DRAM ASP up ~30% QoQ and NAND ASP up mid-50% QoQ, while Q3 guidance calls for DRAM bit growth of about 10% QoQ and NAND bit growth in the low-single digits.
SK Hynix also said HBM4 shipments began in Q2 with a full ramp planned in 2H, while HBM4E samples were supplied to a major customer in 1H.
Net profit surged to $64.6B, boosted by $43.5B of investment-asset gains, meaning net income exceeded revenue due to $42.8B of non-operating profit.