SK Hynix Supplies More Than Half the World's HBM Memory. Its Stock Costs Under 4 Times Next Year's Earnings.

SK Hynix reported Q2 revenue up 257% year over year, and operating margin surged to 76%, signaling a major profitability expansion. The company also held a 58% share of the high-bandwidth memory market in Q1 2026, per Counterpoint Research. Overall, the combination of outsized growth, very high margins, and strong market positioning points to continued upside for the stock.

Analysis

SK Hynix reported Q2 revenue up 257% year over year, and operating margin surged to 76%, signaling a major profitability expansion. The company also held a 58% share of the high-bandwidth memory market in Q1 2026, per Counterpoint Research. Overall, the combination of outsized growth, very high margins, and strong market positioning points to continued upside for the stock.