The informal ceasefire between the US and Iran fell through, triggering a sharp surge in international oil prices. US stocks closed mixed, with the storage sector turning positive after initially trading lower.
According to BIT (bit.com) market data, the three major U.S. stock indexes closed mixed: the Dow Jones Industrial Average rose 1.03%, the S&P 500 gained 0.22%, and the Nasdaq fell 0.22%. The optical communications and storage sectors plunged, with SanDisk down over 14%, Corning dropping more than 12%, Coherent falling over 10%, and SK Hynix ADR down 9%. The Philadelphia Semiconductor Index closed 519.198 points lower, down 4.49% to 11035.68, breaking a key support level. SK Hynix’s second-quarter revenue came in at 79 trillion won, missing the market expectation of 84 trillion won. Seagate Technology reported its fourth-quarter fiscal results: revenue reached $3.63 billion, beating the market forecast of $3.49 billion; adjusted earnings per share (EPS) stood at $5.71, also exceeding the $5.08 consensus estimate. After the sharp daily close, the U.S. storage sector turned positive in after-hours trading, with SK Hynix’s U.S. shares rising 2.64% in after-hours. Meanwhile, the informal ceasefire between the U.S. and Iran collapsed, as Iran launched missiles at U.S. military bases early this morning. According to Bitget market data, WTI crude oil subsequently surged 4%.
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Japanese and South Korean stock markets opened higher, with SK Hynix rising 2%.
According to Bitget market data, South Korea’s KOSPI index opened 1.2% higher. SK Hynix rose 2% after announcing its second-quarter operating profit surged to 79 trillion won, though this figure missed the market consensus of 84 trillion won. Samsung Electronics gained 3%. Japan’s Nikkei 225 index opened 0.18% higher.
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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.
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SK Hynix rose in after-hours US stock trading, and will hold an analyst call at 8 o'clock.
According to market data from BIT (bit.com), SK Hynix’s US-listed stock rallied in after-hours trading, erasing its prior roughly 9% after-hours drop, and is set to host an analyst conference call at 8:00 (UTC+8).
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SK Hynix’s financial results missed expectations, closing down roughly 9% in US regular stock trading, and once fell an additional 9% in after-hours trading.
According to BIT (bit.com) market data, SK Hynix (SKHY.O) has released its financial results. Driven by tech giants’ increased investment in AI data centers, which has fueled strong demand for advanced storage chips, the company’s second-quarter operating profit surged 557% year-on-year to 60.5 trillion won (approximately $416.2 billion), hitting a new all-time high. The figure was 9.2 trillion won in the same period last year. However, the result fell short of market expectations of 64 trillion won, mainly because its high-end storage chips (HBM) account for a larger proportion than its peers, so it failed to fully capitalize on the current strong price rally for conventional storage chips, amplifying concerns that the AI boom driving the semiconductor industry may be slowing. SK Hynix’s revenue also missed forecasts: its Q2 revenue came in at 79 trillion won, versus market expectations of 84 trillion won. Following the earnings release, SK Hynix dropped 9% during regular trading on US stocks on Tuesday, and was down as much as 9% in after-hours trading; it is currently trading 2.74% lower at $126.55 in after-hours sessions.
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