SK Hynix stock fell 2.36 percent before lockup expiry

SK Hynix stock closed at USD 178.25 on Nasdaq on October 7, down 2.36 percent from the prior close of USD 182.56. The immediate issue for holders is the October 8 expiry of a lockup covering 177.9 million American depositary shares, according to Investing.com on October 7.

Lockup expiry tests the Nasdaq premium

The restriction applied to shares connected with SK Hynix's July 2026 Nasdaq listing and prevented the company, affiliates and management from selling until the expiry date, Investing.com reported. The same report said the ADR traded at a 38 percent premium to the Seoul-listed shares, leaving supply and valuation as separate pressure points for the US listing.

The share structure matters because the Nasdaq security is an ADR rather than the ordinary Seoul listing. Webull reported that the offering involved 177.9 million ADSs, equivalent to 17.79 million common shares.

Q2 profit grew faster than revenue

SK Hynix reported Q2 2026 revenue of KRW 79.32 trillion on July 29, up 256.8 percent from Q2 2025, according to Webull. Operating profit reached KRW 60.5 trillion, up 557.2 percent year over year, while net income was KRW 93.9 trillion.

The operating margin was 76 percent in Q2 2026. That spread between 256.8 percent revenue growth and 557.2 percent operating-profit growth shows why the October earnings release is a larger test than the lockup alone: memory pricing and product mix must support profitability after currency and bonus costs.

Consensus target remains above the close

Webull reported a Strong Buy consensus from 16 analysts, with 12 Strong Buy ratings, two Moderate Buy ratings and two Hold ratings. The average target was USD 253.36, while the highest target was USD 320.00.

Against the October 7 close of USD 178.25, the average target lies 42.1 percent above the price. The next earnings date is October 27, 2026, according to Gekko.

SK Hynix stock stays below its yearly high

SK Hynix stock closed at USD 178.25 on Nasdaq on October 7, with a session range of USD 176.70 to USD 181.14 and a 52-week range of USD 124.80 to USD 199.87. Volume reached 20,920,000 shares.

Upcoming dates for SK Hynix stock

• October 27, 2026: Q3 2026 earnings report