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Meta Platforms: Fiscal 2Q26 Financial Results
**SK hynix Reports Record Quarterly Earnings Driven by AI Memory Demand, HBM4 Mass Shipments Underway** SK hynix Inc. posted all-time high quarterly results for the second quarter, with revenue of 79.3187 trillion won, operating profit of 60.5426 trillion won (76% margin), and net profit of 93.9226 trillion won (118% margin), fueled by surging AI infrastructure investments and strong demand for high-value memory products including HBM, AI server DRAM, and enterprise SSDs. Cumulative first-half revenue surpassed 100 trillion won for the first time, with revenue and operating profit jumping 257% and 557% year-over-year, respectively. Both DRAM and NAND flash prices saw significant sequential increases. The company’s cash and equivalents reached 88 trillion won, up 33.6 trillion won from the prior quarter, while total debt fell to 18.6 trillion won, expanding net cash to 69.4 trillion won. SK hynix has finalized Long-Term Agreements (LTAs) with approximately 10 key customers, including strategic partners, to secure mid-to-long-term supply stability amid structural demand growth as AI evolves into agentic forms and broadens memory requirements across services. On the technology front, HBM4 achieved customer-required operating speeds with industry-leading power efficiency and cost competitiveness; mass shipments began in Q2, with production ramping in the second half. HBM4E completed sample shipments in the first half using optimized processes for maturity and mass-production stability. The company also reported strong SOCAMM2 sales and initial shipments of 10nm-class 6th generation (1c) process products. In NAND, 321-layer products now represent the largest production share, targeting ~50% of domestic capacity by year-end. SK hynix is accelerating M15X mass production and investing to expand capacity following the Yongin Phase 1 cleanroom opening in early 2027. Mid-to-long-term plans—including the P&T7 advanced packaging facility, M17 NAND base, and a new semiconductor cluster—will be phased based on demand and investment efficiency. The company emphasized reinforcing both production capacity and financial health while maintaining CapEx discipline.