SK Hynix released record second-quarter results with revenue of 79.3 trillion won, up 257% year over year, and operating profit of 60.54 trillion won. These figures still fell short of LSEG SmartEstimates, which had forecast 84 trillion won in revenue and 64 trillion won in operating profit. The operating margin reached 76%, driven by sustained demand for AI servers. Despite the historic performance, the stock dropped more than 3% at market open before paring losses. SK Hynix crossed 100 trillion won in first-half revenue for the first time, with a net cash position of 69.4 trillion won.
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