Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Initial Thoughts on the Yangtze Memory Technologies Co (YMTC) IPO

Crushing Losses and New Laws to Lead to Lower Demand for 2x Single Stock Leveraged ETFs in Korea

SK Hynix to Announce a Major Shareholder Return Plan - But How Much Is This Already Factored In?

Institutional Investors Starting to Push Back on the Excessive Debt Issuance by the Hyperscalers

Kioxia Targets an ADS Listing in the U.S. In the Spring of 2027 - Implications

SK Hynix: Details of F-6 Filing and Key Investment Risks

Launch of SK Hynix ADR Based 2x Leveraged ETFs in the US

SK Hynix: What If Too Many Investors Are Gearing Up for the Buy ADR/Sell Local Shares Trade?

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>SK Hynix missed its 2Q 2026 earnings. Sales of 79.3 trillion won was 5.5% lower than consensus and operating profit of 60.5 trillion won was 6.8% lower than consensus.</li>
<li>Most importantly, the company did not adequately address oversupply concerns, in my view.</li>
<li>Ongoing concerns regarding ultra-aggressive capex spending by CXMT and YMTC combined with heightened concerns about the excessive capex spending on AI infrastructure by the hyperscalers could negatively impact SK Hynix. </li>
</ul>


SK Hynix missed its 2Q 2026 earnings. Sales of 79.3 trillion won was 5.5% lower than consensus and operating profit of 60.5 trillion won was 6.8% lower than consensus.
Most importantly, the company did not adequately address oversupply concerns, in my view.
Ongoing concerns regarding ultra-aggressive capex spending by CXMT and YMTC combined with heightened concerns about the excessive capex spending on AI infrastructure by the hyperscalers could negatively impact SK Hynix. 


Major Highlights of SK Hynix 2Q 2026 Earnings