SK海力士二季度业绩爆表，营收利润双创历史新高

Core Insights - SK Hynix reported a record-breaking Q2 financial performance, with revenue reaching 222.3 trillion KRW (161.7 billion USD), surpassing analyst expectations of 205.6 trillion KRW [1][4] - The company has established a leading position in the High Bandwidth Memory (HBM) market, becoming an essential supplier for AI giants like NVIDIA, benefiting from the AI-driven chip race [1][5] Financial Performance - Q2 revenue was 222.3 trillion KRW (161.7 billion USD), a year-on-year increase of 35% [4] - Operating profit reached 92.1 trillion KRW, a staggering 69% year-on-year growth, both figures marking historical highs [4] - The company has overtaken Samsung in global DRAM market share for the first time and is now on par with Samsung in overall memory market revenue [4][5] Market Position and Customer Relationships - SK Hynix's HBM technology is crucial for AI servers, directly impacting the efficiency of AI model training and inference [5] - The company enjoys significant pricing power due to sustained demand and favorable market conditions, with HBM in high demand [5] - As a core supplier to major AI chip manufacturers, SK Hynix is well-positioned to capitalize on the strong demand for AI servers [4][5] Market Outlook - Analysts believe SK Hynix's competitive advantage will last until at least 2025, potentially extending into 2026, providing a high-margin window for the company [6] - The company anticipates low likelihood of significant demand corrections through the remainder of 2025, supported by stable customer inventory levels and expected new product demand [6] - The ongoing AI infrastructure boom presents a unique growth opportunity for SK Hynix, bolstered by its established technological lead and barriers to entry [6]