Ask Warren

JONBUR Research · Update note

You're reading an earlier report from Oct 20, 2026. See the latest report

SK hynix · 000660 · Semiconductors

SK hynix: Record Q3 profit expectations meet a sharp market sell-off

Why this report

Written after:

News on 2026-10-18 pointed to a record Q3 operating profit of about ₩77T, yet shares fell sharply as KOSPI opened down 3.2% on 2026-10-19. The earnings picture in our thesis is unchanged, but the price is now lower and the model's estimate sits well below the earlier-cited price range.

Written Oct 20, 2026 · Data as of Oct 19, 2026 · 0 views

This is not financial advice. The report does not recommend buying or selling anything.

XfWATGr/in@

What happened

On 2026-10-18 news reported that SK hynix's Q3 operating profit is expected to reach a record ₩77T, following a similar earnings surprise at Samsung Electronics. This is a media expectation, not a filed result, and we have no filing confirming it.

On 2026-10-19 KOSPI opened down 3.17% at 5,488.41, with SK hynix and Samsung Electronics falling sharply early in trading. SK hynix closed at ₩1,277,000 that day, down 31.2% over one month and 27.6% over three months, though still up 174.3% over one year. Later headlines dated 2026-10-20 mention further declines, with one citing a fall below ₩1.2M, and discuss Solidigm dual-listing concerns; we cannot verify those details from filings. No new filings were attached to these events.

Every earlier JONBUR Research report and update note on SK hynix, with Pro.

Unlock with Pro

Model estimate of fair value

Bear
₩397,998
-70%
Base
₩543,989
-59%
Bull
₩744,567
-44%

Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal.

Base case of the 5-year discounted cash flow model on the stock's Valuation tab (statements TTM to H1 2026; discount rate 12.6%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions

Filings and data used

Report history

  1. Oct 28, 2026Update noteNews · Earnings · Buyback / dividend / value-upSK hynix posts record Q3 profit and announces ₩20.0T share buyback
  2. Oct 21, 2026Update noteModel fair value changeSK hynix: Model fair value estimate rises 60% to ₩872,969 base
  3. Oct 20, 2026Update noteNewsSK hynix: Record Q3 profit expectations meet a sharp market sell-off
  4. Oct 13, 2026InitiationSK hynix: Record Earnings Run Meets a Sharp Share Price Pullback

Built only from jonbur's own data: prices and investor flows, filed financial statements and filings, and news headlines. Disclosed (filed) data is labelled as such. Written by AI and may contain mistakes.

This is not financial advice. The report does not recommend buying or selling anything.

Source: KRX statistical information