Post

$SKHYNIX Outstanding performance, yet the stock price has diverged dramatically! Revenue, operating profit, and net profit all hit record highs. Operating profit surged 557% year-on-year! However, revenue and operating profit still did not meet market expectations. This financial report is far more complicated than the word "good news"! SK Hynix's Q2 revenue reached 79.32 trillion KRW, operating profit was 60.54 trillion KRW, and net profit surged to 93.92 trillion KRW. However, the market had previously set even higher expectations, with both revenue and operating profit falling short, and only net profit significantly exceeding expectations driven by investment returns. The divergence is also directly reflected in the stock price: SKHY's U.S. stock plunged nearly 9% during regular trading hours, while Korean domestic stocks rebounded about 4%. It's not that storage demand suddenly collapsed, but rather that the company's share of high-end HBM continues to rise, and with long-term contracts locked in prices from about 10 core customers, performance stability is stronger. However, the profit elasticity of enjoying the short-term surge in spot prices has also been weakened. The good news is that HBM4 began mass shipments in the second quarter and will continue to ramp up in the second half; HBM4E samples have also been delivered. The real debate in the market is not whether there is still demand for AI storage, but how long such high profit growth can last. $ETH $SNDK #海力士业绩创纪录但不及预期, storage stocks experienced sharp volatility #交易所定价异常致海力士永续暴跌 The data is already strong, but market expectations are even crazier than the data. This isn't a collapse in fundamentals, but rather a high valuation facing harsher judgment.