SK Hynix Financial Report: Q2 Operating Profit Hits 60.5 Trillion Won, HBM4 Mass Production and Shipment Achieved, Capital Expenditure Expected to Peak This Year.

SK Hynix disclosed in its financial report that mass production and shipment of HBM4 were achieved in Q2, with production and supply set to expand in H2. Samples of HBM4E were delivered in H1 using optimal process technology. The company emphasized it will continue to solidify its HBM leadership by leveraging high quality, high yield, stable supply, cost competitiveness and top-tier performance. It has also signed long-term chip supply agreements with 10 clients to boost mid-to-long-term demand visibility and address price volatility, and is evaluating additional shareholder return measures to enhance the scale and sustainability of returns. Capital expenditure is projected to reach the upper end of the 40 trillion won range in 2026. DRAM shipments are expected to rise around 10% quarter-on-quarter in Q3, while NAND shipments will see low single-digit quarter-on-quarter growth. As supply tightness eases and AI applications expand, growth momentum in smartphones and PCs will gradually recover, though related sales will be temporarily adjusted due to memory supply challenges. Improvements in AI model and software efficiency will expand accessibility and drive infrastructure demand. 2026 DRAM market demand is projected to grow at the midpoint of the 20%-30% year-on-year range, while NAND growth will hit the upper end of the 10%-20% year-on-year range.