000660
SK하이닉스
Source: dsi_quarterly · analyst_consensus (internal DB). DSI from quarterly filings; consensus as of collection.
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SK Hynix
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SK Hynix is the dominant supplier of HBM3 and HBM3E to NVIDIA, holding the largest share of the AI memory market ahead of Samsung and Micron. The company is investing heavily in the M15X fab and the Yongin semiconductor cluster to scale HBM and DRAM capacity through the late 2020s. Key risks include cyclical NAND oversupply, intensifying HBM4 competition from Samsung and Micron, and US-China export control exposure given its Wuxi DRAM fab.
The Korea Exchange has issued a formal inquiry disclosure request to SK Hynix regarding media reports that the company is pursuing a sale of its stake in its Chongqing, China manufacturing facility, valued at approximately ₩4 trillion (roughly $3 billion USD). The company is required to officially confirm or deny the reports by 18:00 on August 10, 2026. The Chongqing plant serves as a key NAND flash memory production base and its potential divestiture would represent a significant strategic realignment of SK Hynix's China manufacturing footprint. Such a move would likely reflect mounting pressure from U.S. export control regulations that restrict advanced semiconductor equipment and technology from reaching China-based facilities. No official company response confirming or denying the reports has been issued as of this filing.
SK Hynix reported blowout preliminary Q2 2026 results with revenue of KRW 79.3 trillion (up 50.9% QoQ and 256.8% YoY), driven by surging HBM and AI-related DRAM demand. Operating income reached KRW 60.5 trillion (+61.0% QoQ, +557.2% YoY), implying an operating margin of approximately 76%, an extraordinary level for a memory semiconductor company. A notable anomaly: pre-tax income from continuing operations (KRW 122.7 trillion) more than doubled operating income, indicating massive non-operating gains—likely from equity-method investments or financial asset revaluations—that warrant scrutiny. On a cumulative H1 2026 basis, revenue of KRW 131.9 trillion and operating income of KRW 98.2 trillion already dwarf full-year 2025 figures. These are unaudited preliminary figures subject to revision upon completion of the external audit.
SK Hynix filed an amended related-party transaction disclosure after actual Q4 2026 purchase amounts from affiliate SK Innovation exceeded the originally estimated figures by 20% or more. The total purchase amount is KRW 30.42 billion, equal to just 0.04% of SK Hynix's prior-year standalone revenue of KRW 86.85 trillion. The three purchase items are: Boryeong LNG terminal usage fees (KRW 8.68B), mySUNI education platform costs (KRW 16.58B), and power trading fees (KRW 5.16B), all contracted on a sole-source basis. The original Q4 2026 estimate was disclosed on December 23, 2025; this filing reflects the mandatory amendment triggered by the 20%-or-greater upward variance. The transaction scale is immaterial relative to the company's revenue base.
SK Hynix has filed an amended disclosure for its Q4 2026 (October–December 2026) goods and services transaction with SK Corp., its controlling shareholder affiliate. The revised purchase amount totals KRW 704.45 billion — covering IT system development (KRW 637.45 bn) and system operations and maintenance (KRW 67.0 bn) — both awarded on a sole-source basis and settled by promissory note. The amendment is triggered because the actual contract amount exceeds the originally estimated figure disclosed on 26 June 2026 by 20 % or more, as required under Fair Trade Act Article 26. At 0.81 % of SK Hynix's prior-year standalone revenue of KRW 86.85 trillion, the aggregate amount is meaningful but not exceptional for a large-scale IT infrastructure build-out.
SK Hynix has filed an amended related-party transaction disclosure for Q3 2026, triggered by actual purchases from its controlling-shareholder affiliate SK Inc. coming in more than 20% above the amount originally disclosed in December 2025. Total Q3 2026 purchases from SK Inc. amount to KRW 120.6 billion (0.14% of prior-year standalone revenue), covering IT system development (KRW 31.3 bn), system operation and maintenance (KRW 65.4 bn), and education services (KRW 24.0 bn). All contracts were concluded on a negotiated basis, with payment via promissory note. The board approved the transactions on July 22, 2026, with all six outside directors present. This is a routine regulatory filing under Fair Trade Act Article 26 and does not signal any strategic change.
SK Hynix has issued an official clarification in response to a July 22, 2026 Joongang Ilbo article headlined 'SK Hynix's Bold Bet… to Buy Intel's Ohio Factory in the U.S.' The company states it continuously evaluates various investment and acquisition opportunities as part of normal business operations. However, SK Hynix explicitly denied that it has pursued or made any decision to acquire Intel's Ohio land and fabrication facility. The clarification removes what would have been a significant capacity-expansion catalyst, particularly for U.S.-based advanced packaging and DRAM production. Investors should treat any prior market pricing of this deal as unfounded.
SK Hynix completed a third-party allotment of 17,790,000 new common shares to Citibank, N.A. as depositary, which then issued approximately $26.51 billion worth of ADRs (177,900,000 ADRs at $149 per ADR) to overseas institutional investors on July 14, 2026. The implied per-share issue price was KRW 2,242,301, based on the USD/KRW reference rate of 1,504.90 on settlement date. This is one of the largest single equity capital raises in Korean corporate history, raising KRW ~39.89 trillion (gross). Existing shareholders face approximately 2.5% dilution, with SK Square's stake declining from 20.50% to 20.00% and the National Pension Service's from 8.06% to 7.86%. The new domestic shares are scheduled to list on the KRX on July 29, 2026; the ADRs began trading on the Nasdaq Global Select Market on July 10, 2026.
A non-registered executive in the IR organization, Kang Chun-ho, disposed of his remaining 419 common shares via on-market sale on May 7, 2026, at 1,645,000 won per share. His ownership now stands at zero, down from 419 shares reported on February 6, 2026. The transaction value is roughly 689 million won, a negligible amount relative to the 712.7 million shares outstanding. As a routine insider filing involving a tiny stake from a non-registered executive, the disclosure carries minimal signaling value for the broader share price.
A non-registered executive (Research Fellow Joo Young-pyo, appointed January 1, 2026) filed an insider ownership change report. His holdings rose from 296 to 600 common shares (+304 shares), driven by two June 1, 2026 events: 259 shares withdrawn from his ESOP (employee stock ownership association) account to a personal account, plus an on-market purchase of 45 shares at KRW 2,391,000 per share. The total stake remains a negligible 0.00% of the 712,702,365 outstanding shares. This is a routine micro-level insider filing with no material signaling value.
Non-registered executive Choi Jun-ki exercised stock options on June 5, 2026, acquiring 2,205 common shares at an exercise price of KRW 124,220 per share. His total holdings rose from 2,000 to 4,205 shares (still effectively 0.00% of the 712,702,365 shares outstanding). The transaction is a routine option exercise rather than an open-market purchase, so it carries no directional signal on management's view of the share price. Given the negligible size relative to total shares outstanding, market impact is expected to be minimal.
Non-registered executive (President) Kim Ju-seon reported an open-market sale of 1,000 common shares on May 29, 2026 at KRW 2,328,500 per share, reducing his holdings from 3,881 to 2,881 shares. The transaction value is approximately KRW 2.33 billion. His ownership ratio remains effectively 0.00% of the 712,702,365 total shares outstanding, so the sale has no governance implications. The filing is a routine insider ownership change report to the FSC and KRX.
Non-registered executive Kim Hyun-jung (IR organization, TL position) reported acquiring 31 common shares through four open-market purchases between May 18 and June 1, 2026, raising his holding from 0 to 31 shares. The trades were executed at prices ranging from KRW 1,769,000 to KRW 2,260,158 per share, with an average purchase price of approximately KRW 2,122,935. Total ownership remains effectively 0.00% of the 712,702,365 shares outstanding, so the filing has no governance or float implications. The disclosure is notable mainly as an insider-sentiment signal: an IR-side executive added to his personal stake during a period of sharply rising share prices.
Capital Research and Management Company, a major US institutional investor, filed an abbreviated large-shareholding report disclosing that its combined holding (with five affiliated Capital Group entities) fell to 25,149,374 shares (3.53%) from 36,730,947 shares (5.05%). The 1.52 percentage-point reduction — roughly 11.58 million shares — was executed through on-market and off-market sales for the stated purpose of recovering investment capital. The holding purpose remains classified as 'simple investment,' not management influence. Because the stake has dropped below the 5% reporting threshold, this may be the filer's final mandatory disclosure absent future buying. The sale by a long-term foreign institutional holder of this size can weigh on near-term sentiment, particularly given SK Hynix's heavy foreign ownership base.
The company filed its annual corporate governance report for fiscal year 2025, reporting an 80% compliance rate with the 15 core governance indicators. The board comprises 10 directors (2 inside, 6 outside, 2 non-executive), maintaining an independent director majority of 60% with an independent director serving as board chair. Consolidated financials show sharp improvement: revenue of KRW 97.1 trillion (vs. KRW 66.2 trillion prior year), operating profit of KRW 47.2 trillion (vs. KRW 23.5 trillion), and net income of KRW 42.9 trillion. SK Square and 9 affiliated parties hold 20.07% as the largest shareholder, while minority shareholders hold 63.34%. Non-compliant items include avoiding concentrated AGM dates, cumulative voting, and policies excluding executives who harmed corporate value or shareholder rights.
This is the annual mandatory disclosure of corporate group status for a member of the SK Group, whose designated head is Chairman Tae-won Chey and whose representative company is SK Inc. As of the latest fiscal year-end, the company reported standalone total assets of KRW 168.9 trillion, total equity of KRW 117.3 trillion, and a debt-to-equity ratio of 43.97%, with revenue of KRW 86.85 trillion, operating profit of KRW 44.01 trillion, and net income of KRW 42.69 trillion. The filing also lists 34,200 employees and an extensive roster of overseas affiliates spanning the U.S., China, Japan, Singapore, Germany, and other regions, primarily covering semiconductor sales, R&D, and the Solidigm NAND business. This is a routine regulatory filing with no new strategic announcements.
SK Hynix has filed an amendment to its December 2023 disclosure on related-party transactions with SK Inc., raising the SK brand royalty payment from KRW 241.1 billion to KRW 390.2 billion — a 62% increase. The revision was triggered because actual transaction amounts exceeded the original estimate by more than 20%, requiring board re-approval, which occurred on May 28, 2026. The fee is calculated as 0.2% of prior-year revenue excluding advertising expenses, so the upward revision reflects SK Hynix's stronger-than-expected revenue performance during the HBM-driven boom. The figure is now a confirmed amount for the 2024-2026 contract period rather than an estimate.
SK Hynix filed its Q1 2026 quarterly report for the period January 1 to March 31, 2026, with CEO Kwak Noh-Jung signing as representative director. As of the March 31, 2026 reporting date, total authorized shares stand at 9,000,000,000 and total issued common shares at 5,721,980,209, with 708,297,021 shares in free float after treasury stock. A profit-based share retirement was executed on February 9, 2026, and treasury shares were distributed as employee bonuses on February 6, 2026. The treasury stock holding ratio stands at 0.6% (0.2% under the Capital Markets Act calculation). The report follows standard quarterly disclosure format with sections on business operations, financials, governance, and shareholder matters largely deferred to detailed sections per regulatory templates.
SK Hynix is disclosing the disposal of up to 114,209 treasury shares to fulfill stock options originally granted at the March 2022 AGM, triggered by the first exercise of those options. The exercise price is set at KRW 124,220 per share, implying a total potential disposal value of approximately KRW 14.19 billion. The actual confirmed amount is currently only 191 shares (for one retired executive who exercised 210 options), with the remaining 113,999 shares contingent on future option exercises through the deadline of March 30, 2027. The expected dilution effect is negligible at under 0.02% of total shares outstanding, and shares will be transferred directly from the company's treasury account to recipients' personal accounts rather than sold on the open market. This is a routine compensation-related disclosure with minimal market impact.
SK Hynix non-registered executive Yang Myung-hoon (IR division) filed a change-of-ownership report covering specified securities. His holdings increased by 42 common shares, from 126 to 168 shares, with the change effective May 6, 2026. The increase resulted from a transfer of shares out of the Employee Stock Ownership Association (ESOP) account into his personal account, not an open-market purchase. The reported stake remains effectively 0.00% of the 712,702,365 total shares outstanding, making this a routine administrative filing with no material implications for the broader shareholder base.
SK Hynix completed the disposal of 12,536 treasury shares on May 4, 2026 at KRW 1,447,000 per share, totaling approximately KRW 18.14 billion. The shares were allocated to executives (12,271 shares) and outside directors (265 shares), executed via SK Securities, consistent with the previously announced plan filed on April 22, 2026. Following the disposal, the company still holds 1,630,448 treasury shares (0.2% of total) valued at KRW 92,950 million. The filing also references a prior call option exercise on April 28, 2026 affecting the exchange period of outstanding exchangeable bonds (originally issued April 2023), with 1,217,026 shares remaining exchangeable at KRW 108,811. This is a routine equity compensation event with minimal expected market impact given the small float relative to total shares outstanding.
SK Hynix outside director Sohn Hyun Chul reported a change in his holdings of company securities. His common share ownership increased by 40 shares (from 572 to 612) due to treasury share bonus compensation received on May 4, 2026. The total holding remains negligible at 0.00% of the 712,702,365 outstanding shares. This is a routine insider compensation disclosure with no material implication for the company's outlook or share price.