SK Hynix's Q2 profits may set a record, with the combined profits of Korea's storage giants expected to exceed 150 trillion won

According to Jinshi reports, SK Hynix will announce its second-quarter results on the 29th. Following Samsung Electronics, SK Hynix is expected to achieve a record high in profits for the second quarter of this year.

Based on reports from 14 brokerages compiled by the Korean financial information agency Yonhap Infomax over the past month, SK Hynix's second-quarter revenue and operating profit are expected to be 84.0597 trillion won and 64.0899 trillion won, respectively. The expected operating profit for the second quarter is about 17 trillion won higher than the annual operating profit of 47.2 trillion won last year.

Adding the operating profit of 37.6103 trillion won from the first quarter of this year, SK Hynix's operating profit for just the first half of the year will exceed 100 trillion won. Earlier this month, Samsung Electronics also released a preliminary performance report, showing strong performance in its DS division, with an operating profit of 89.4 trillion won. If SK Hynix's performance meets market expectations, the combined operating profit of the two companies for the second quarter will exceed 150 trillion won.