SK Hynix’s Profit Jump Misses Lofty AI Expectations

SK Hynix Inc.’s quarterly profit rose 557%, but missed expectations, fueling fears that an AI boom that has propelled the semiconductor industry may be decelerating. Bloomberg's Mark Cranfield and Anthony Stephens share their insights. (Source: Bloomberg)

SK Hynix second-quarter profit surges 557% to a new high — but misses estimates

SK Hynix announces second quarter earnings on Wednesday

Alphabet and Tesla took a hit from soaring AI spending. Will Microsoft, Meta and Amazon be next?

Big Tech’s binge is draining free cash flow — and the bond markets are taking notice.

By Michael Kramer

SK hynix posts record Q2 profit of W60.5tr as AI memory prices surge

SK hynix reported record quarterly earnings for the second quarter on Wednesday, with operating profit of 60.54 trillion won ($41.6 billion), a 557.2 percent jump from a year earlier as memory prices for AI servers kept climbing. Revenue reached 79.32 trillion won, up 256.8 percent on-year and 51 percent from the first quarter. Net profit came to 93.92 trillion won, up 1,242.5 percent, giving the chipmaker an operating margin of 76 percent and a net margin of 118 percent. The quarter alone surpa

By The Korea Herald

SK Hynix Q2 profit jumps 557% on AI chip demand, misses forecasts

Werner Non-GAAP EPS of $0.22 misses by $0.01, revenue of $933.9M beats by $1.83M

'Pray For Kospi': SK Hynix Earnings Miss, Sending Stock Reeling

'Pray For Kospi': SK Hynix Earnings Miss, Sending Stock Reeling Things are not going to be fun in South Korea tonight... Good news first... SK Hynix's net income surged a bigger-than-expected 1,242% (though admittedly on one-time investment gains) with the ginat chipmaker bragging that it won multiyear contracts with around 10 customers. Ok, now the bad news... SK Hynix’s quarterly profit rose a smaller-than expected 557%. The key supplier of Nvidia reported operating profit of...

By Tyler Durden