SK Hynix Earnings Trajectory Looks Solid Despite Potential 3Q Profit Miss
Dow Jones
Sep 07
0340 GMT - SK Hynix's earnings trajectory appears solid despite its potentially below-consensus 3Q operating profit due to unfavorable foreign-exchange rates, says DB Financial Investment's Seungyeon Seo. The analyst expects the South Korean memory-chip maker's operating profit to reach KRW76.535 trillion for the July-September quarter, below the consensus estimate of KRW79.948 trillion, as the won's strength could weigh on dollar-denominated earnings. Still, Seo expects the company to sustain solid earnings growth in 2026 and 2027, driven by brisk shipments of high-bandwidth memory 4 products for artificial intelligence data servers. She expects HBM4 prices to jump 70% on year in 2027 amid tight global AI-chip supply conditions.
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