SK Telecom's second quarter operating profit surged 67% year-over-year, beating expectations on strong recovery.

SK Telecom reported second quarter 2026 consolidated operating revenue of KRW 4.36 trillion, a slight increase of 0.47% year-over-year. The company's profitability showed a significant recovery, with operating income growing 67.3% to KRW 566 billion, while net income attributable to controlling interests jumped 425% to KRW 470.6 billion from the prior-year period.

Key Highlights

• Operating Profit Beat: Operating income of KRW 566 billion grew 67.3% year-over-year, surpassing analyst estimates of KRW 527.9 billion and signaling a strong recovery from prior-year disruptions.
• Flat Revenue Growth: Consolidated revenue was largely flat, increasing just 0.47% year-over-year to KRW 4.36 trillion, below the 2.6% growth analysts had anticipated.
• Surging Net Income: Net income attributable to controlling interests showed dramatic growth, soaring 425% year-over-year to KRW 470.6 billion from KRW 89.6 billion in the second quarter of 2025.