---
symbol: "SKHX"
name: "SK Hynix"
date: 2026-07-29
change_pct: -12.42874497710493
direction: "down"
event_type: "earnings"
url: "https://perplo.app/why/SKHX/2026-07-29"
updated_at: 2026-07-29T21:06:38.028Z
---

# Why SK Hynix (SKHX) fell 12.43% on July 29, 2026

SK Hynix (SKHX) fell 12.43% on July 29, 2026 — Record profit misses estimates, disappoints investors.

## What happened

SK Hynix posted record second-quarter profit but missed analyst estimates, disappointing investors despite absolute earnings strength — the miss triggered a selloff as part of the broader Korea Tech theme decline.

## Why it moved

Record profit with a miss suggests guidance or forward expectations fell short of the HBM-cycle bull case; even strong current earnings can compress multiples if forward visibility darkens (e.g., HBM demand flattening…

## Why it matters

SK Hynix and Samsung had captured HBM-cycle strength and driven the Korea Tech theme higher, but this miss lands amid a broader month-long selloff tied to China export roadblocks and Korean won weakness — the earnings…

## What would break the thesis

If SK Hynix's Q3 guidance reassures on sustained HBM demand and pricing power, the stock can recoup losses; absence of that comfort suggests the HBM supercycle narrative is fading and the stock faces further downside.

## Sources

- [SK Hynix second-quarter profit surges to a new high — but misses estimates](https://www.cnbc.com/2026/07/29/sk-hynix-earnings-profit-revenue-hbm-memory.html) — CNBC
- [Why KOSPI And The Semiconductor Sector Is Crashing](https://finnhub.io/api/news?id=ad85cf12c137a3df452771ec0ff81bd38c705b3be61143d34c6d58e6616a1345) — Seeking Alpha
- [SK Hynix’s Record Profit Misses Investors’ Lofty AI Expectations](https://finnhub.io/api/news?id=bc30e73df9b984d1a0e500307bf4a9b734029df1b3a76548f732cc01497cd696) — Yahoo

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