SK Hynix Q3 results spark analyst price‑target hikes amid sold‑out DRAM and HBM demand
SK Hynix reported third‑quarter 2026 revenue of 104.6 trillion won, up 328% YoY, and operating profit of 83.3 trillion won with an 80% margin. Analysts said long‑term supply agreements lock in more than 50% of 2027‑2028 capacity and that DRAM and HBM output is effectively sold through 2029. Yuanta raised its price target to 3.7 million won and forecast Q4 operating profit above 100 trillion won, while Shinhan also lifted its target to 3 million won with a slightly lower profit outlook.
Why it matters
Yuanta’s note says the higher price target reflects expectations of continued profit growth and strong cash‑flow generation, which could support higher shareholder returns. The analysts’ forecasts imply that the stock may trade at a premium to current levels if the memory price cycle holds.
Key facts
- 1Q3 2026 revenue was 104.6 trillion won. finance.biggo.com
- 2Q3 2026 operating profit was 83.3 trillion won. finance.biggo.com
- 3Q3 operating profit margin was 80%. eu.36kr.com
- 4Long‑term supply agreements cover more than 50% of production capacity for 2027‑2028. eu.36kr.com
- 5Yuanta raised its price target to 3.7 million won, a 12.1% increase. finance.biggo.com
- 6Yuanta forecasts Q4 revenue of 147.1 trillion won and operating profit of 118.2 trillion won. finance.biggo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.