SK hynix Expands 2026 Memory Spending After Record Quarter

SK hynix said its second-quarter results showed a major earnings surge, supported by stronger memory pricing and robust AI-related demand. The company also raised its 2026 capital spending plan into the high-40-trillion-won range while guiding for sequential DRAM bit shipment growth in the third quarter. Management indicated that recent DRAM and NAND pricing improved materially, but most of the expansion projects now being funded will not add wafer output until 2027 or later. That keeps the near-term market tight even as the company accelerates work on HBM, conventional DRAM and NAND infrastructure. The share-price drop after the report appears tied more to elevated investor expectations and broader AI-market volatility than to any sign of weakening memory demand.