Seoul [South Korea], July 29 (ANI): Shares of South Korean reminiscence chip maker SK hynix fell sharply on Wednesday regardless of the corporate reporting its highest-ever quarterly working revenue and outlining plans for capital expenditure within the excessive 40 trillion gained (USD 27.7 billion) vary this 12 months, in accordance with a news report by The Korea Herald.
SK hynix shares closed 8.98 per cent decrease at USD 130.17 on Nasdaq, whereas buying and selling 1.70 per cent increased in after-hours at USD 132.39, in accordance with market knowledge. Earlier in South Korea, the corporate’s shares touched an intraday excessive of 1,619,000 gained (USD 1,120) earlier than reversing sharply to 1,266,000 gained (USD 876), down 18.32 per cent, amid a broader market selloff.
The report added that the Korea Exchange halted buying and selling for 20 minutes after the Kospi plunged 8.15 per cent, triggering an index-wide circuit breaker for a second consecutive session.
Despite the decline in its share worth, SK hynix reported file quarterly earnings for the April-June interval. Operating revenue rose 557.2 per cent year-on-year to 60.54 trillion gained (USD 41.9 billion), whereas income elevated 256.8 per cent to 79.32 trillion gained (USD 54.9 billion).
According to the report, the quarterly working revenue exceeded the corporate’s whole working revenue for all of 2025, which stood at 47.21 trillion gained (USD 32.7 billion). Operating margin improved to 76 per cent, whereas first-half income reached 131.9 trillion gained (USD 91.3 billion), crossing the 100 trillion gained mark for the primary time over a six-month interval.
Net revenue surged 1,242.5 per cent to 93.92 trillion gained (USD 65.0 billion), though the report famous that the determine included 63.3 trillion gained (USD 43.8 billion) in features from the sale and revaluation of funding property, largely associated to the corporate’s stake in Japanese flash reminiscence maker Kioxia.
However, each income and working revenue got here in under analysts’ expectations. A survey by FnGuide had projected income of 82.58 trillion gained (USD 57.1 billion) and working revenue of 63.15 trillion gained (USD 43.7 billion). The firm stated shipments of some high-value merchandise had been carried over to the second half, leading to blended DRAM common promoting costs rising about 30 per cent, under market expectations.
During the earnings name, administration stated it expects capital expenditure this 12 months to be within the excessive 40 trillion gained (USD 27.7 billion) vary because it accelerates mass manufacturing on the M15X fabrication plant and expands capability forward of the opening of the primary Yongin plant’s clear room in early 2027.
The firm stated capability growth would stay versatile and be primarily based on confirmed demand. It additionally stated it has accomplished negotiations on long-term provide agreements with about 10 clients, whereas discussions on 2027 volumes and pricing for high-bandwidth reminiscence (HBM) merchandise are persevering with. The firm added that it’s reviewing further shareholder returns and plans to announce particulars earlier than the top of the 12 months, the report famous. (ANI)