APRIL 22, 2026 AT 10:35 PM
SK Hynix (000660 KS) Q1 2026 (KRW): Net Profit 40.3tln (exp. 30.4tln), Revenue 52.6tln (exp. 53.6tln), Operating Profit 37.6tln (exp. 37.9tln), sees Q2 DRAM shipments to rise high single-digits and NAND shipments to rise by mid-teens Q/Q
Importance
Level 1
- Expects favourable pricing environment to continue for the time being.
- Has seen some signs of softening demand in PC and Smartphone chips.
- 2026 capex expected to increase significantly Y/Y.
- Majority of allocated capex to infrastructure preparation centred on Yongin cluster and ramp up of M15x, and the procurement of key equipment.
- Plans to ramp up volume for HBM4 chips in line with agreed schedule with customers.