SK Hynix shares jump 15% after peer Samsung projects blowout earnings

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April 8, 2026 1:03 AM EDT

FILE PHOTO: The SK Hynix logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

SEOUL, April ‌8 (Reuters) - Shares ​of ​South Korean chipmaker SK Hynix surged on Wednesday after ‌peer Samsung Electronics forecast market-beating ⁠quarterly earnings, fuelling expectations about SK Hynix's ‌results.

Samsung Electronics on ‌Tuesday projected its first-quarter operating profit would jump more than eight-fold, ​beating analyst estimates as booming demand for artificial intelligence infrastructure ⁠stretched supply and drove chip prices higher.

Korea Investment & ​Securities on Wednesday raised its estimate for SK Hynix's operating profit ​full-year by 28% ‌to 216 trillion won ($146.55 billion), more than quadruple from ⁠2025, due to stronger-than-expected price increases of both DRAM and NAND chips.

SK ⁠Hynix shares traded up 15% at 1,050,000 ​won ($712.20) each, outperforming Samsung's 8.7% gain and the wider market's 7% rise.

SK Hynix, ‌the world's second-biggest memory chip maker after Samsung Electronics, ‌is set to report January-March ⁠earnings later this ‌month.

($1 = 1,473.8900 ​won)

(Reporting by Hyunjoo Jin; Editing by Ed Davies and Christopher ‌Cushing)


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