Business · Companies · 4 hrs ago
Analyst raises SK Hynix’s next-year profit forecast to 464 trillion won
Hana Securities raised its forecast for SK Hynix’s next-year operating profit to 464 trillion won, citing stronger memory prices and higher shipments of high-bandwidth memory, or HBM.
SK Hynix, based in Icheon, South Korea, makes memory chips used in computers and other devices.
The brokerage said the company’s third-quarter revenue topped 100 trillion won for the first time, helped by higher prices for DRAM and NAND chips and a shift toward higher-value products.
It expects production increases at the company’s M15X plant in Cheongju to support a rise in HBM4 shipments in the fourth quarter.
SK Hynix has outlined about 100 trillion won in planned shareholder returns, including share buybacks and cash dividends.
The brokerage said foreign-exchange and investment valuation losses weighed on third-quarter pre-tax and net profit, even as operating results beat its estimates.
It expects buybacks and share cancellations to continue each quarter, while investors will watch whether memory demand and prices support the higher earnings forecast.
Hana Securities raised its forecast for SK Hynix’s operating profit next year to 464 trillion won.
The brokerage also forecast revenue of 568 trillion won, up 56% from this year.
Analyst Kim Rok-ho cited stronger-than-expected memory prices and higher shipments, including high-bandwidth memory.
Hana Securities maintained its Buy rating and target price of 3.6 million won.
The analyst said SK Hynix had outlined a shareholder-return plan worth about 100 trillion won this year.
- Who
- Hana Securities analyst Kim Rok-ho raised the forecast for SK Hynix.
- What
- The brokerage forecast operating profit of 464 trillion won next year.
- When
- The report was published on October 28, 2026. The article says the brokerage made the revision on the 29th.
- Where
- Not stated
- Why
- Hana Securities cited stronger-than-expected memory prices and higher expected shipments, including HBM4.
This story does not have two clearly opposing sides.
SK Hynix recorded revenue of 104.6 trillion won and operating profit of 83.3 trillion won, according to the analyst.
Hankyung published the report on Hana Securities' higher forecast.
Hana Securities forecast SK Hynix revenue of 568 trillion won and operating profit of 464 trillion won.
- Next-year operating profit forecast
- 464 trillion won
- Next-year revenue forecast
- 568 trillion won
- Forecast increase
- Operating profit forecast raised 14.6%; revenue forecast raised 13.6% from previous estimates
- Rating and target price
- Buy; 3.6 million won
- Shareholder-return plan
- About 100 trillion won this year
What people are saying
The company's revenue next year is expected to be 568 trillion won and operating profit 464 trillion won, increases of 56% and 64% year on year, respectively.
The increase in memory prices was larger than expected, with DRAM up 29% and NAND flash up 26%.
The reason fourth-quarter shipments are expected to be higher than expected is that HBM4 shipments will surge as increased production at the Cheongju M15X plant gets fully underway.
If confidence in medium- to long-term earnings and shareholder-return policies builds, the valuation multiple is also likely to be reassessed.