"Warnings below expectations" sent SK Hynix's stock price plummeting, putting pressure on the entire memory sector.
South Korean brokerage KIS predicts SK Hynix's Q2 operating profit will reach 60.4 trillion won, a staggering 556% year-on-year increase, but still about 8% lower than the market consensus of 65 trillion won. The core reason is the high proportion of HBM revenue and the constraint of long-term contract prices, resulting in an ASP increase lower than the market average.
JinseFinance
