SK Hynix shares fall as exponential earnings growth fails to satisfy AI-charged expectations
Here are SK Hynix's second-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently...
Key points
- Here are SK Hynix's second-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate: - Revenue: 79.32 trillion won ($54.55 billion) vs.
- 84 trillion won expected - Operating profit: 60.54 trillion won vs.
- 64 trillion won expected Shares of the company fell 6.5% on Thursday.
- The company said it saw sustained demand growth from expanding AI infrastructure investments, while high-performance products for AI servers led price increases that set a fresh record.
What happened
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Here are SK Hynix's second-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate: - Revenue: 79.32 trillion won ($54.55 billion) vs. 84 trillion won expected - Operating profit: 60.54 trillion won vs. 64 trillion won expected Shares of the company fell 6.5% on Thursday. The company said it saw sustained demand growth from expanding AI infrastructure investments, while high-performance products for AI servers led price increases that set a fresh record. For the first time in company history, its cumulative revenue for the first half of the year exceeded 100 trillion won, underscoring robust AI demand. SK Hynix said it expects this year's capital expenditures to reach the high 40 trillion won range and plans to build on its ADR listed on Nasdaq earlier this month.