29 January 2026 | 7:51AM KST Equity Research SK Hynix Inc. (000660.KS) Earnings Review: 4Q25 above expectations: strength in conventional memory and HBM, upside in shareholder return; raise TP to W1.2mn and reiterate Buy BUY Giuni Lee +82(2)3788-1177 | giuni.lee@gs.com Goldman Sachs (Asia) L.L.C., Seoul Branch 000660.KS 12m Price Target: W1,200,000 Price: W841,000 Upside: 42.7% 4Q25 beat led by stronger-than-expected conventional DRAM and NAND ASP SK Hynix (Hynix) reported 4Q25 revenue of W32.8tn (+34% qoq, ...

Micron Technology Inc.'s (NASDAQ:MU) stock is sliding into first quarter earnings — not because the AI memory story is cracking, but because expectations have finally caught up. After a 166% year-to-date rally, MU is coming off its highs, down nearly 9% over the past five days, setting up what may be the most consequential quarter of the cycle.Track MU stock here.This isn't Micron's biggest quarter because of its size — it's the biggest because it's the first time the AI-memory thesis must show up clearly i ...

Core Insights - SK hynix has been awarded the Best Financially Managed Semiconductor Company Award and the Outstanding Asia-Pacific Semiconductor Company Award at the GSA Awards 2025, highlighting its financial soundness and operational efficiency [1][5][10] - The company has shown remarkable recovery from the semiconductor industry's downturn, driven by its advanced AI memory technologies, particularly High Bandwidth Memory (HBM) [6][10] - SK hynix's financial performance in 2025 has been historic, with revenue of 64 trillion won and operating profit of 28 trillion won for the first three quarters, positioning it to surpass its previous full-year earnings record [8] Financial Performance - For the first three quarters of 2025, SK hynix reported revenue of 64 trillion won and operating profit of 28 trillion won, indicating strong growth compared to the previous year [8] - As of the end of Q3 2025, the company's cash and cash equivalents reached 27.9 trillion won, an increase of 10.9 trillion won quarter-over-quarter, while interest-bearing debt decreased to 24.1 trillion won, resulting in a net cash position of approximately 4 trillion won [9] Awards and Recognition - The GSA Awards are considered prestigious in the semiconductor sector, recognizing outstanding performance in leadership, financial results, and industry reputation [5] - SK hynix's dual recognition at the GSA Awards reinforces its reputation as a leading global technology innovator, marking its second win in the financial management category since 2017 and its first as the top Asia-Pacific semiconductor company [5][10] Strategic Focus - The company emphasizes the importance of technological competitiveness, particularly during challenging times, and is committed to driving new customer value and leading global AI market growth [7][10] - SK hynix is accelerating major investments to secure long-term leadership in AI memory, with plans for HBM mass production in the first half of next year and ongoing construction of its Yongin Semiconductor Cluster [11][12]