SK Hynix profits surge over 13 times

South Korean company SK Hynix achieved record profits in the second quarter of 2026, recording a net profit of 93.92 trillion won ($64.6 billion), an increase of 1242.5% compared to the same period last year. Its operating earnings also rose to 60.54 trillion won ($41.6 billion), while sales reached 79.31 trillion won ($54.5 billion), with an all-time high operating margin of 76%. These results are attributed to the high demand for high-bandwidth memory chips used in artificial intelligence applications. With a 58% share of the global high-bandwidth memory market, the company has strengthened its position to become the most valuable in South Korea. The results indicate expected stability and may help alleviate market concerns over fluctuations and peaks in the artificial intelligence market.

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