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PC Gamer
PC Gamer
Jess Kinghorn

RAM prices be damned, SK hynix's record-breaking $55.6 billion quarter still failed to meet investors' wild AI expectations

SK Hynix Memory
The SK Hynix Semiconductor Inc. logo is displayed at the company's plant during a media tour organized by Korea Industrial Complex Corp. (KICOX) in Cheongju, South Korea, on Friday, Nov. 23, 2012. KICOX, which develops and manages industrial complexes and support for resident enterprises as a public company under South Korea's Ministry of Knowledge Economy, held a media tour to the plant.

SK hynix, one of the 'big three' memory manufacturers, just shared its 2026 second quarter financial results, and its record-breaking revenue of 79.3 trillion won (roughly $55.6 billion) isn't all good news. Despite continuing strong demand for memory from the AI industry, SK hynix has found itself missing investor expectations. Poor lamb.

SK hynix was forecast to cross a slightly more face-melting profit threshold of 84 trillion won (about $58 billion) by the end of June. Analysts attribute the miss to a slowing of HBM4 shipments, with revenue from those to be recorded next quarter instead. To be clear, the 79.3 trillion the company actually made is far from disastrous, and still represents a 257% year-over-year boost to quarterly revenue. However, missing the revenue forecast has manifested in a share slump of about 9.6%.

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