Analysts: SK Hynix Q2 Earnings Expected to Hit Record High

TechFlow news, July 27, Meritz Securities analyst Kim Sun-woo stated that driven by one-time investment income and rising semiconductor prices, SK Hynix is expected to announce record-breaking second-quarter results. The analyst estimated that SK Hynix's pre-tax profit from April to June will exceed 100 trillion won, including operating profit of 6.01 trillion won, and investment income of 4.16 trillion won obtained through holding shares of Japan's Kioxia via US private equity firm Bain Capital. This performance will exceed the company's first-quarter operating profit record of 5.88 trillion won. He added that DRAM and NAND storage chip prices rose by 30% and 49% respectively in the second quarter. (Jin10)