DS Securities cuts target for SK Hynix stock to KRW 2.64 million
Published on 10/06/2026 at 12:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
SK Hynix (ISIN KR7000660001) faces a lower analyst target after Seoul Economic Daily reported on September 29, 2026 that DS Investment & Securities cut its target to KRW 2.64 million from a valuation based on a 3.4 times price-to-book ratio, while maintaining a Buy rating. The change puts the emphasis on HBM4 execution and the product mix expected in the fourth quarter.
Target cut shifts attention to HBM4
DS Investment & Securities forecast third-quarter revenue of KRW 89.50 trillion and operating profit of KRW 70.10 trillion, up 13 percent and 16 percent, respectively, from the prior quarter. The brokerage projected a 78 percent operating margin and cited a stronger won as a factor weighing on its estimates.
The same analysis placed fourth-quarter revenue at KRW 111.90 trillion and operating profit at KRW 89.40 trillion. That comparison matters because the expected fourth-quarter operating profit is KRW 19.30 trillion above the third-quarter forecast, making the HBM4 ramp and memory pricing central to the earnings debate.
Second-quarter figures set the benchmark
SK Hynix generated KRW 79.32 trillion of revenue and KRW 60.54 trillion of operating profit in the second quarter of 2026, according to Markets Insider on October 1, 2026. The report also said the company had begun mass shipments of HBM4 and held long-term agreements with around 10 major customers.
The latest estimate therefore implies third-quarter revenue of KRW 10.18 trillion above the second-quarter result. It also points to operating profit of KRW 9.56 trillion above the second-quarter figure, although the comparison reflects an analyst forecast rather than a reported result.
October results provide the next test
Investing.com reported on October 6, 2026 that SK Hynix was expected to report third-quarter results on October 27, 2026, with consensus revenue of KRW 98.65 trillion and earnings per share of KRW 86,976. The revenue estimate is KRW 9.15 trillion above the DS Investment & Securities forecast, showing how widely expectations vary before the report.
Stock trades lower before results
On Korea S.E., SK Hynix traded at KRW 1,777,000 on October 6, 2026, down 3.48 percent on the session. The company had a market capitalization of USD 1.4 trillion as of October 6, 2026, while its technology business remains centered on DRAM and NAND flash memory for AI, server and other applications.
SK Hynix stock facts
SK Hynix stock facts
- Company: SK hynix Inc.
- ISIN: KR7000660001
- Ticker: A000660
- Primary exchange: Korea S.E.
- Market capitalization: USD 1.4 trillion (as of October 6, 2026)
- Sector / Industry: Technology / Semiconductors
- Next earnings date: October 27, 2026
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