Huo Xing Finance reports that on June 19, market analysts generally expect the company’s second-quarter 2026 operating profit to range between 60 trillion and 70 trillion KRW, significantly surpassing the historic high of 3.76 trillion KRW recorded in the first quarter. The Q1 financial results announced in April showed SK Hynix’s revenue reached 5.258 trillion KRW, with an operating profit of 3.761 trillion KRW and an operating margin of a record-high 72%. The surge in performance was primarily driven by strong demand and rising prices for high-bandwidth memory (HBM) and premium DRAM. Company management noted that the structural memory shortage caused by AI infrastructure is expected to last at least three years. Entering the second quarter, expectations for further memory price increases have further boosted profit outlooks. Analysts anticipate DRAM and NAND contract prices to rise by 50% to over 70% quarter-over-quarter; under the company’s high-margin product mix, even small price increases deliver significant leverage for SK Hynix. Current market consensus estimates the Q2 operating profit midpoint at approximately 62–64 trillion KRW, with some brokerages like Kiwoom Securities raising their forecasts to 70 trillion KRW—up from an earlier consensus of around 40 trillion KRW. This optimism is already reflected in the stock price. Since the beginning of the year, SK Hynix’s stock has surged more than 300%, and its market capitalization briefly exceeded $1 trillion at the end of May, making it the second Asian semiconductor company after Samsung Electronics to join the “$1 trillion club.” In comparison, Samsung Electronics’ memory business is also expected to see Q2 profits reach the 70-trillion-KRW level, with the combined profit contribution from these two Korean giants rapidly expanding. Despite ongoing uncertainties surrounding geopolitics and the pace of AI capital expenditures, SK Hynix holds a clear advantage in the current memory upcycle due to HBM’s technological barriers and long-term supply-demand imbalances. The company’s Q2 earnings report is expected in late July, when the market will assess the extent to which these aggressive forecasts are realized. For investors focused on AI themes, SK Hynix remains one of the most direct beneficiaries.
SK Hynix Q2 profit seen at 60-70 trillion won on AI memory demand
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Summary
On-chain data indicates that SK Hynix is projected to report an operating profit of 60–70 trillion won in Q2, driven by increased demand for HBM and premium DRAM. Analysts point to price increases of 50–70% in DRAM and NAND contracts. Q1 results reached 37.61 trillion won with a 72% margin. On-chain analysis aligns with market forecasts of 62–64 trillion won, with some estimates reaching as high as 70 trillion won.
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