SK hynix Heads for Record Quarter as Memory Shortage Bites

SK hynix reports Q2 2026 results this week, and the numbers ahead of it are extraordinary. A consensus of 14 local brokerages compiled by Yonhap Infomax points to roughly 84.1 trillion won in sales and 64.1 trillion won in operating profit — about $43.7 billion, and more in a single quarter than the company’s entire record 2025 full year. That implies an operating margin in the mid-seventies. Margins that wide are not a sign of a competitive market; they are the signature of a genuine physical shortage. It is also the company’s first report since its Nasdaq debut, making this the AI memory supercycle’s first real public test.