- Micron rose 3.6% in pre-open trading after SK Hynix reported record Q3 results that comfortably beat analyst consensus.
- SK Hynix Q3 revenue reached 104.62 trillion won, the first quarterly figure above 100 trillion won, with operating profit of 83.33 trillion won.
- SK Hynix said HBM4 entered full-scale mass production in Q3 and is expected to overtake HBM3E in shipment volume and revenue share in Q4.
- SK Hynix plans shareholder returns of approximately KRW 100 trillion through FY26, including at least 30 trillion won in cash dividends.
- Bank of America reiterated a Buy rating and a $1,550 price target on Micron.
- Micron reported fiscal Q4 earnings on Sept. 30, but shares declined roughly 20% from that report through market close on Oct. 22.
- The Nasdaq rose 0.4% and the S&P 500 was flat at +0.1%, indicating sector-specific gains in semiconductors.
Quotes
“has decided to pursue shareholder return of approximately KRW 100 trillion through the 2026 fiscal year”
“incrementally more positive on memory”