SK hynix Went All In on HBM and Paid for It With a Bruising Miss on Q2'26 Consensus Expectations

SK hynix posted Q2 2026 revenue of $54.6 billion and operating profit of $41.6 billion, about 5% below analyst estimates.

The company said the miss was driven by a sales mix tilted toward HBM, which limited average selling price growth versus the broader market.

Demand remained strong across PC, mobile, and enterprise SSD memory, but HBM concentration exposed near-term pricing pressure.

SK hynix said it is expanding its product mix with LPDDR6 and SOCAMM-related offerings to better balance growth.