SK hynix may beat consensus on Q2 profit as memory-chip exports keep surging
tengyanAI · x · 2026-07-28
A Tessara note argues the market is pricing the wrong failure mode ahead of SK hynix’s July 29 Q2 results, and says its own estimate sits above Street consensus.
Forecast
- Operating profit of ₩66–67tn at the center of the model
- 65% probability of beating consensus at ₩65tn
- 40% chance of reaching ₩68tn
- 20% chance of exceeding ₩70tn
Why it matters
The piece says July trading looked like memory demand had already broken, but the evidence points the other way. A chart in the post shows Korea memory-chip exports accelerating sharply, with Q2 at $62.3B, up 57% QoQ.
It also breaks down revenue exposure by segment:
- Conventional DRAM: ₩32.5tn
- HBM for AI accelerators: ₩8.1tn
- NAND flash: ₩11.6tn
- Other: ₩0.3tn
Related event: Market Bullish on SK hynix Memory Chip Profits Ahead of Earnings(4 posts)→
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