SK Hynix stock absorbs a target cut after Q2 growth

Published on 10/03/2026 at 21:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SK Hynix stock traded at KRW 1,841,000 on October 2, 2026, as DS Investment cut its target to KRW 2.64 million. Q2 revenue rose 256.8 percent year over year.

SK Hynix, KR7000660001, Illustration mit AI erstellt.

SK Hynix stock (ISIN KR7000660001) traded at KRW 1,841,000 on the Korea Exchange on October 2, 2026, up 0.44 percent from the prior close. The immediate catalyst is a lower analyst target, while the company enters the next reporting cycle with exceptionally strong Q2 operating figures.

Analyst target falls to KRW 2.64 million

Financial News reported on September 29, 2026, that DS Investment & Securities reduced its SK Hynix target from KRW 3.1 million to KRW 2.64 million, a 14.8 percent cut, while maintaining a Buy rating. The research cited a lower assumed exchange rate and the product transition toward next-generation HBM as reasons for the revision.

The new target stands 43.4 percent above the October 2 reference price. The report also identified fourth-quarter HBM4 sales, rising memory prices and potential additional shareholder returns as the variables that could matter more than the third-quarter result.

Q2 revenue rises 256.8 percent

SK Hynix generated KRW 79.3 trillion in Q2 2026 revenue, up 256.8 percent from Q2 2025, while operating profit reached KRW 60.5 trillion, an increase of 557.2 percent. Frontier Market overview reported the comparison on September 9, 2026.

The Q2 operating margin was 76 percent, according to the same period analysis. Operating profit therefore grew faster than revenue, showing how memory pricing and product mix amplified the quarter's earnings performance.

Solidigm plans remain a capital issue

In a statement dated October 1, 2026, SK hynix said its approach to Solidigm capital plans will be judged by the economic impact on existing shareholders and long-term corporate value. That places capital allocation alongside HBM execution as a key issue for the next phase of the stock story.

Stock stays below its yearly high

SK Hynix stood at KRW 1,841,000 on the Korea Exchange on October 2, 2026, with a session range of KRW 1,825,000 to KRW 1,855,000. Its 52-week range was KRW 395,500 to KRW 2,987,000, while market capitalization was KRW 1,341.8 trillion.