Korea Investment Securities Cuts SK Hynix 2026-2027 Operating Profit Forecasts by 9%-11%, Maintains 3.8M Won Price Target

SK Hynix-13.34%

According to Korea Investment Securities, on July 13, the firm cut SK Hynix's 2026 and 2027 operating profit forecasts by 9% and 11% respectively, while maintaining its 3.8 million won price target. The adjustment stems from revised long-term supply contract pricing estimates rather than weakening demand.

HBM demand remains robust amid continued AI server and GPU supply chain expansion. KIS projects Hynix's second-quarter revenue at approximately 80.9 trillion won with operating profit of around 60.4 trillion won, translating to an operating margin near 75% and remaining at historic highs.

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