SK Hynix Misses Q2 Revenue by $3 Billion, Dragging Micron and Samsung Down
Updated
Updated · Kotaku · Jul 30
SK Hynix Misses Q2 Revenue by $3 Billion, Dragging Micron and Samsung Down
3 articles · Updated · Kotaku · Jul 30
Summary
SK Hynix reported 79 trillion won in Q2 revenue—about $55 billion—missing investor expectations of roughly 84 trillion won, or just over $58 billion.
The company blamed a temporary slowdown in PC and smartphone sales tied to difficulty securing memory volumes, undercutting confidence in near-term chip demand.
Since the July 29 earnings report, SK Hynix shares have fallen 17%, while Micron dropped 11% and Samsung lost 10%, extending weakness across memory and semiconductor stocks.
The selloff adds to pressure already building around AI-linked chip valuations in Seoul and globally, where investors have been unwinding crowded semiconductor bets.