Since the characterization of Gromov hyperbolic graphs seems a too ambitious task, there are many papers studying the hyperbolicity of several classes of graphs. In this paper, it is proven that every Mycielskian graph G M is hyperbolic and that δ(G M ) is comparable to diam(G M ). Furthermore, we study the extremal problems of finding the smallest and largest hyperbolicity constants of such graphs; in fact, it is shown that 5/4 ≤ δ(G M ) ≤ 5/2. Graphs G whose Mycielskian have hyperbolicity constant 5/4 or 5/2 are characterized. The hyperbolicity constants of the Mycielskian of path, cycle, complete and complete bipartite graphs are calculated explicitly. Finally, information on δ(G) just in terms of δ(G M ) is obtained.