SK Hynix Q2 Earnings Imminent: Forecasted 64 Trillion KRW Operating Profit

SK Hynix Ahead of Q2 Earnings: Record-Breaking Performance Expected

As the Q2 earnings release approaches on July 29, 2026, stock market expectations for SK Hynix are reaching a fever pitch. According to the consensus of 14 major brokerages compiled within the last month as of July 26, 2026, SK Hynix is projected to achieve a record-breaking performance with estimated revenue of 84.059 trillion KRW and an operating profit of 64.088 trillion KRW.

If these overwhelming figures materialize, the company will surpass 100 trillion KRW in cumulative operating profit for the first half of the year alone. What is particularly noteworthy is the profitability. The operating margin for this quarter is anticipated to reach a staggering 75% to 77%, an incredible achievement that would outpace TSMC, the global foundry leader, on a quarterly basis.

Core Drivers of the Earnings Rally: HBM and Enterprise SSDs

SK Hynix's remarkable earnings growth stems from the prolonged memory semiconductor supercycle that fully materialized in the second half of last year. At the center of this lies the explosive expansion of the global AI industry.

• Monopolistic Position in High Bandwidth Memory (HBM): SK Hynix maintains unrivaled technological prowess and market share in HBM, the core component for powering AI chips. Based on this, it is fully absorbing the explosive demand from global big tech companies, driving its performance.
• Surging Demand for Enterprise SSDs (eSSD): As major North American Cloud Service Providers (CSPs) aggressively expand their investments in AI data centers, sales of high-value storage products like enterprise SSDs have drastically increased.
• Ripple Effect of Rising Commodity DRAM Prices: The limited allocation of production capacity primarily focused on HBM has tightened the supply of conventional commodity DRAM. This has naturally led to an increase in unit prices, lifting overall profitability.

Market Implications and Outlook for Investors

This unprecedented earnings forecast sends a strong positive signal regarding the overall semiconductor sector and is the main driving force attracting strong buying interest from retail investors in the domestic stock market ahead of the announcement. The Q2 results will prove that HBM demand is not merely a short-term theme but has established itself as SK Hynix's long-term core cash cow. This is expected to act as a powerful catalyst leading to a long-term re-rating of SK Hynix's corporate value.