Coverage summary
Aardvark Labs Capital Research has covered SK hynix (SKHY) since July 24, 2025. The company is in the Technology sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q3 2026 Earnings Recap, published October 30, 2026. That report moved the rating from Hold to Outperform. The rating has changed twice since coverage began.
Translations: 5 in Chinese, 4 in Japanese and 4 in Korean.
The Excel model for SKHY holds 21 quarters and 5 fiscal years of history and 8 quarters and 5 fiscal years of projections. It was last updated October 17, 2026.
Rating history
All SKHY reports
Recap: Q3 2026
Upgrading to Outperform: The Pricing Engine Held, the Contracts Got Sized, and ₩100 Trillion Is Going Back to Shareholders
Recap: Q2 2026
The First Double Miss: A Record ₩79 Trillion Quarter Falls Short on Both Lines as DRAM ASP Growth Halves. Maintaining Hold Through a 52% Drawdown
Recap: Q1 2026
A 72% Operating Margin Is a Blow-Off, Not a Baseline: SK hynix's Best Quarter Ever Meets a Flat Tape. Downgrading to Hold After Three Outperforms and a 4.5x
Recap: Q4 2025
Earnings Outran the Stock: A 58% Operating Margin, a Record ₩47 Trillion Year, and a ₩14 Trillion Capital Return. Maintaining Outperform Into a Late-Cycle Peak
Recap: Q3 2025
The First ₩10 Trillion Operating-Profit Quarter, and 2026 Is Already Sold Out: A 47% Margin, HBM4 Shipping, NAND Pricing Recovered. Maintaining Outperform After a +207% Year
Recap: Q2 2025
Record Quarter, Clean Print, Borrowed Demand: An All-Time-High ₩22.2tn at a 41% Operating Margin with HBM on Track to Double, and the Only Asterisk Is Tariff Pull-Forward — Initiating at Outperform