SK Hynix reported record-breaking second-quarter results driven by surging demand for AI data center memory chips.
Revenue reached 79.3 trillion won ($54.34 billion), representing a 257% year-over-year increase.
Operating profit surged 557% to 60.5 trillion won ($41.62 billion).
Despite the all-time high performance, the results fell short of analyst expectations.
The company’s heavy focus on high-bandwidth memory (HBM) limited its gains from a price rally in conventional memory chips.
High-performance products for AI servers underpinned the growth and supported broader price increases.