Market analysts generally expect the company's operating profit in the second quarter of 2026 to be between 60 trillion and 70 trillion Korean won, far exceeding the 37.6 trillion won record set in the first quarter.

The Q1 financial report released in April showed SK Hynix's revenue reaching 52.58 trillion won, with an operating profit of 37.61 trillion won, and an operating profit margin of 72%, both hitting new quarterly records. Strong demand and rising prices for high-bandwidth memory (HBM) and high-end DRAM are the core drivers of this performance surge. The company's management pointed out that the structural memory shortage brought about by AI infrastructure will likely persist for at least three years.

Entering the second quarter, expectations of rising memory prices further boosted profit outlooks. Analysts forecast that contract prices for DRAM and NAND will increase by more than 50% to 70% quarter-over-quarter, and under the high-profit product structure, each percentage point increase in price has a highly significant leverage effect on SK Hynix. The market consensus currently shows a median operating profit of about 62 trillion to 64 trillion Korean won for Q2, with some brokerages like Kiwoom Securities raising their forecasts to 70 trillion won, compared to earlier consensus of around 40 trillion won. This optimistic outlook has already been reflected in the stock price.

Since the beginning of this year, SK Hynix's share price has increased by over 300%, and by the end of May, its market value briefly surpassed $1 trillion, making it the second Asian chip company after Samsung Electronics to join the "trillion-dollar club." In comparison, Samsung Electronics' memory business Q2 profit is also expected to be pushed up to around 70 trillion won, and the combined industry profit contribution of these two Korean giants is rapidly expanding.

Although geopolitical risks and the pace of AI capital expenditure remain uncertain, the technological barriers of HBM and the long-term mismatch between supply and demand give SK Hynix a clear advantage in the current memory upcycle. The company's Q2 financial report is expected to be released in late July, at which point the market will test the realization of these aggressive expectations. For investors focused on AI themes, SK Hynix remains one of the most direct beneficiaries. #我的Gate交易时刻