SK Hynix stock retreats ahead of October 27 earnings

Published on 10/07/2026 at 10:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SK Hynix stock posted Q2 revenue of KRW 79,318.746 billion, up 256.8 percent year over year. Q3 results are set for October 27, 2026.

SK Hynix, US78392B1070, Illustration mit AI erstellt.

SK Hynix stock (ISIN US78392B1070) fell 6.39 percent to USD 182.56 on Nasdaq at the October 6, 2026 close. The decline came as investors assessed currency pressure, rising bonus costs and the approach of the companys third-quarter results.

Q2 revenue surged 256.8 percent

SK hynix reported Q2 2026 revenue of KRW 79,318.746 billion, up 256.8 percent from Q2 2025, according to Moat Explorer citing the companys July 29, 2026 preliminary results. Operating profit reached KRW 60,542.608 billion, a 557.2 percent year-over-year increase, with the operating margin at 76 percent.

The scale of the improvement explains why the next report carries unusual weight. Q2 revenue also rose 50.9 percent from Q1 2026, while operating profit increased 61.0 percent sequentially, according to Moat Explorer. Those figures leave the Q3 margin and memory pricing trend as the central tests for the stock.

Analysts still see upside

According to MarketBeat on October 6, 2026, 15 analysts covered the stock with an average Buy rating. The consensus target was USD 253.22, which places the target 38.7 percent above the USD 182.56 Nasdaq close.

Yahoo Finance lists JP Morgan as initiating coverage on September 10, 2026, with an Overweight rating and a USD 245 target. The gap between the strong earnings trajectory and the recent price retreat makes the October report a test of whether operating momentum can outweigh currency and compensation concerns.

Q3 results due October 27

TipRanks states that SK hynix is set to report Q3 2026 earnings on October 27, 2026. The companys Q2 performance gives that date a clear benchmark: revenue growth must remain strong while the 76 percent operating margin faces a demanding comparison.

SK Hynix stock closed at USD 182.56 on Nasdaq on October 6, 2026, 8.7 percent below its 52-week high of USD 199.87. Its market capitalization was USD 1.3 trillion as of October 6, 2026.