SK Hynix's Q2 profit is expected to reach a record high, with the combined profits of South Korea's memory giants potentially exceeding 15 trillion won.

ME News reports that on July 26 (UTC+8), SK Hynix will announce its second-quarter results on the 29th. Following Samsung Electronics, SK Hynix is expected to record a new record profit for the second quarter of this year. According to reports from 14 securities firms compiled by Korean financial information agency Yonhap Infomax over the past month, SK Hynix’s second-quarter revenue and operating profit are projected at 84.0597 trillion and 64.0899 trillion Korean won, respectively. This operating profit forecast exceeds last year’s full-year operating profit of 47.2 trillion won by approximately 17 trillion won. Adding the first-quarter operating profit of 37.6103 trillion won, SK Hynix’s total operating profit for the first half of the year alone is expected to surpass 100 trillion won. Earlier this month, Samsung Electronics also released preliminary results, with its DS division posting a strong operating profit of 89.4 trillion won. If SK Hynix’s results meet market expectations, the combined operating profit of both companies for the second quarter will exceed 150 trillion won. (Source: ChainCatcher)