Mirae Asset Securities Korea: SK hynix’s 2Q26 operating profit estimate cut by 12%
DRAM and NAND ASP assumptions were revised down by 8ppt and 5ppt, respectively. Mirae Asset estimates that around 50% of the company’s revenue is covered by long-term supply agreements (LTAs).
- Maintains target price of KRW 4.2 million, implying 128% upside
- Rating: Buy