SK Hynix Q2 earnings expected to reach record high

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SK Hynix is expected to report record-high earnings in Q2, according to Meritz Securities analyst Kim Sun-woo. Pre-tax profits for April to June could surpass 100 trillion KRW, including 6.01 trillion KRW in operating profit and 4.16 trillion KRW in investment gains from its stake in Kioxia. DRAM and NAND prices rose by 30% and 49%, respectively. With altcoins to watch gaining attention, the Fear & Greed Index remains a key metric for traders monitoring market sentiment.

ChainThink reports that, according to analyst Kim Sun-woo of Meritz Securities, SK Hynix is expected to record its highest-ever second-quarter earnings, driven by one-time investment gains and rising semiconductor prices.

Kim Sun-woo expects SK Hynix's pre-tax profit for April to June to exceed 100 trillion Korean won, including 6.01 trillion won in operating profit and 4.16 trillion won in investment gains from its stake in Kioxia held through Bain Capital.

This performance will surpass SK Hynix's first-quarter operating profit record of 588 billion Korean won. Kim Sun-woo added that DRAM and NAND flash memory prices rose by 30% and 49%, respectively, in the second quarter.

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