SK Telecom stock weighs Q2 earnings against revenue miss

SK Telecom stock is balancing a Q2 earnings beat against a revenue shortfall as the company expands its data center strategy. The latest market view puts quarterly EPS at USD 0.81 against USD 0.59 consensus, while revenue reached USD 2.81 billion versus USD 2.96 billion expected.

EPS beat meets revenue miss

According to MarketBeat, SK Telecom reported quarterly EPS of USD 0.81 for the quarter released on August 6, 2026. That result exceeded the USD 0.59 consensus by USD 0.22, while reported revenue of USD 2.81 billion fell USD 0.15 billion below the USD 2.96 billion forecast.

The split matters because earnings resilience did not translate into a revenue beat. For investors, the next question is whether higher-value connectivity and data center services can improve the top-line trend.

Q2 growth remains modest

SK Telecom reported KRW 4.36 trillion of revenue and KRW 566 billion of operating profit in Q2 2026, according to ATS View. Revenue increased 0.5 percent year over year, and the operating margin was 13.0 percent.

The half-year figures show the same operating scale from a broader angle. A September 22 market summary reported consolidated H1 2026 revenue of KRW 8.75 trillion and profit attributable to owners of KRW 793.0 billion, while 82 percent of subscribers used 5G.

Data centers shape the next test

SK Telecom is also tied to a longer-term AI data center expansion plan. The investment case therefore depends on converting infrastructure spending into recurring enterprise revenue while preserving the earnings strength shown in the latest quarterly comparison.

Market value on September 23

SK Telecom had a market capitalization of USD 13,766,228,700 as of September 23, 2026. The combination of USD 0.81 quarterly EPS and a USD 0.15 billion revenue shortfall versus consensus leaves operating growth as the key numerical checkpoint.