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SK hynix Posts Record-Breaking Q2 Revenue and Profit on AI Memory Demand

Surging orders for high-bandwidth memory chips have reinforced SK hynix’s leadership in the generative AI sector.

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The logo of SK Hynix is seen at its booth during The 26th Semiconductor Exhibition (SEDEX 2024) in Seoul, South Korea, October 23, 2024.   REUTERS/Kim Hong-Ji/File Photo
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In this file photo taken July 16, 2025, Chey Tae-won, chairman of South Korea's SK Group, delivers the opening speech at a summer forum hosted by the Korea Chamber of Commerce and Industry (KCCI) at a hotel in Gyeongju, about 275 kilometers southeast of Seoul. (Yonhap)

Overview

  • SK hynix reported second-quarter revenue of 22.23 trillion won, up 35.4% year-on-year, and operating profit of 9.21 trillion won, a 68.5% increase that surpassed its Q4 2024 highs.
  • Net income for April–June rose 69.8% to 6.99 trillion won, marking the chipmaker’s strongest quarterly outcome on record.
  • Demand from AI server makers such as Nvidia drove robust sales of the company’s high-bandwidth memory (HBM) products and boosted its share in the global memory market.
  • Samsung Electronics projects its Q2 operating profit will tumble 56% to 4.6 trillion won, citing delays in HBM shipments to Nvidia and higher inventory loss reserves under U.S. export controls.
  • LG Electronics anticipates a 46.6% year-on-year drop in Q2 operating profit to 639.1 billion won as its TV business continues to struggle.