SK hynix reported second-quarter revenue of 79.32 trillion won and operating profit of 60.54 trillion won, up 557% year over year with a record 76% operating margin. The company lifted its 2026 capital spending guidance to the high 40 trillion won range as AI server demand continues to outpace supply. Third-quarter DRAM bit shipments are expected to rise about 10% sequentially, following a quarter where DRAM prices rose roughly 30% and NAND prices rose in the mid-50% range.
Operating profit fell short of the 64.1 trillion won analysts had expected, and shares closed down about 10% in Seoul amid global selloffs. CEO Kwak Noh-jung called 2027 the worst year of the shortage and sees the crunch extending beyond 2030. SK hynix raised $26.51 billion in the largest share sale by a non-U.S. company, with proceeds earmarked for Korean manufacturing facilities including EUV scanners. Cash and short-term investments reached 88 trillion won, with a debt-to-equity ratio of 7%.