{"slug": "sk-hynix-q2-profit-jumps-557-on-ai-chip-demand-misses-forecasts", "title": "SK hynix Q2 profit jumps 557% on AI chip demand, misses forecasts", "summary": "SK hynix reported a 557% jump in second-quarter operating profit to a record 60.5 trillion won ($41.62 billion), driven by AI chip demand, but missed the LSEG SmartEstimate forecast of 64 trillion won due to lower exposure to conventional memory chip price rallies.", "body_md": "South Korean chipmaker SK hynix reported a 557 percent increase in quarterly operating profit to a record high on Wednesday, driven by robust demand for advanced memory chips as big technology firms ramped up spending on AI data centres.\n\nThe Nvidia supplier reported an operating profit of 60.5 trillion won ($41.62 billion) for the April-June period, compared with 9.2 trillion won a year earlier.\n\nThat compared with a 64 trillion won forecast by LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate.\n\nSK Hynix missed analysts' forecasts because its higher exposure to high-end memory chips used in AI data centers than rivals meant it benefited less from a stronger price rally in conventional memory chips. (Reuters)", "url": "https://wpnews.pro/news/sk-hynix-q2-profit-jumps-557-on-ai-chip-demand-misses-forecasts", "canonical_source": "https://www.koreaherald.com/article/10823588", "published_at": "2026-07-28 23:05:57+00:00", "updated_at": "2026-07-28 23:26:28.536792+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-chips", "ai-infrastructure"], "entities": ["SK hynix", "Nvidia", "LSEG SmartEstimate"], "alternates": {"html": "https://wpnews.pro/news/sk-hynix-q2-profit-jumps-557-on-ai-chip-demand-misses-forecasts", "markdown": "https://wpnews.pro/news/sk-hynix-q2-profit-jumps-557-on-ai-chip-demand-misses-forecasts.md", "text": "https://wpnews.pro/news/sk-hynix-q2-profit-jumps-557-on-ai-chip-demand-misses-forecasts.txt", "jsonld": "https://wpnews.pro/news/sk-hynix-q2-profit-jumps-557-on-ai-chip-demand-misses-forecasts.jsonld"}}