Samsung and SK hynix Target Prices Raised on Record Earnings Outlook

Analysts expect record quarterly earnings from Samsung Electronics and SK hynix as AI-driven memory demand lifts profits. Combined third-quarter operating profit is projected to exceed 188 trillion won (~$138.47 billion), with Samsung topping 100 trillion won for the first time. Securities firms are raising their target prices.

• Samsung's Q3 operating profit consensus is 110.28 trillion won, up 806% year over year
• SK hynix is expected to post 78.06 trillion won in operating profit, up 29% quarter over quarter
• TrendForce forecasts DRAM prices rising up to 18% and NAND 15% in Q3
• Bernstein cut its SK hynix target price from 3.3 million to 2.7 million won on weaker HBM exports