According to a report published by Yamato, SK Hynix's second-quarter revenue was 79.3 trillion won, up 51% month-on-month and 257% year-on-year; operating profit was 60.5 trillion won, up 61% month-on-month and 557% year-on-year, all about 7% lower than the bank and market expectations. The average sales price increase was lower than expected, mainly due to poor DRAM product portfolio. Management has a positive outlook for the second half of the year. DRAM shipments are expected to increase by about 10% month-on-month in the third quarter, and the product portfolio continues to improve, including HBM4 and 1cNm DRAM. According to the report, the company's management did not provide specific details of shareholder returns due to ADR-related restrictions, but it is expected that SK Hynix will announce a profit rebound and additional shareholder return plans in the second half of the year. The company has signed long-term supply agreements with about 10 customers for an average period of 5 years. The pricing structure helps hedge against market fluctuations and lock in demand visibility. Yamato believes that SK Hynix's stock price has recently been overadjusted. Investors are advised to take advantage of the low absorption and reaffirm the “buy” rating. However, in response to the lower valuation of the memory industry, the target price-earnings ratio was lowered by 20% to 7.5 times, and the target price for 12 months was lowered from 3.6 million won to 3 million won.

According to a report published by Yamato, SK Hynix's second-quarter revenue was 79.3 trillion won, up 51% month-on-month and 257% year-on-year; operating profit was 60.5 trillion won, up 61% month-on-month and 557% year-on-year, all about 7% lower than the bank and market expectations. The average sales price increase was lower than expected, mainly due to poor DRAM product portfolio. Management has a positive outlook for the second half of the year. DRAM shipments are expected to increase by about 10% month-on-month in the third quarter, and the product portfolio continues to improve, including HBM4 and 1cNm DRAM. According to the report, the company's management did not provide specific details of shareholder returns due to ADR-related restrictions, but it is expected that SK Hynix will announce a profit rebound and additional shareholder return plans in the second half of the year. The company has signed long-term supply agreements with about 10 customers for an average period of 5 years. The pricing structure helps hedge against market fluctuations and lock in demand visibility. Yamato believes that SK Hynix's stock price has recently been overadjusted. Investors are advised to take advantage of the low absorption and reaffirm the “buy” rating. However, in response to the lower valuation of the memory industry, the target price-earnings ratio was lowered by 20% to 7.5 times, and the target price for 12 months was lowered from 3.6 million won to 3 million won.