SK Hynix Stock Falls 46.9% in One Month Ahead of Q2 Earnings on July 29

SK Hynix-14.64%
According to News1, on July 29, SK Hynix is scheduled to announce its second-quarter financial results and hold an earnings call as investors await signals on long-term agreements (LTA) and shareholder returns. The stock closed at 1.55 million Korean won on July 28, down 46.9% from its July 22 peak of 2.919 million won amid concerns over hyperscalers' sustained AI investment commitments and competition from Chinese CXMT's recent listing. Consensus estimates put Q2 operating profit at approximately 63.99 trillion won, with full-year operating profit expected to exceed 260 trillion won. Analysts focus on announcements regarding LTA expansion and next-generation memory development as potential catalysts for investor sentiment recovery.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments