SK hynix's earnings and buybacks could drive a tripling by 2027 before a re-rating, on Jonah Lupton's assumptions. Its Q3 report expects memory demand to outpace supply through 2030 as advanced processes and fab lead times constrain growth. It plans about KRW 100 trillion in FY2026 shareholder returns, including KRW 60 trillion or more in share acquisitions or cancellations; the buybacks would first reduce shares outstanding. x.com  x.com  x.com  x.com  x.com  x.com 

SK hynix has unusually strong earnings visibility because it expects memory demand to exceed supply through 2030, while long-term agreements with 14 customers cover more than half of its 2027 and 2028 production capacity. Record Q3 operating profit of KRW 83.3T also beat the KRW 76.7T estimate. x.com  x.com 

SK hynix looks like the weakest storage short because it has fallen behind. More negative news may follow beyond HBM4; its LPDDR6 is reportedly well behind Samsung's. x.com  x.com 

SK hynix's five-year agreements with 14 major customers cover more than half its 2027-28 capacity, giving its memory earnings unusually long visibility. DRAM prices rose 28% and NAND 25% in the quarter, while operating profit reached 62.8 billion against 58.5 billion expected; Q4 DRAM shipments are guided up 25% from Q3. Those commitments support the view that demand is not peaking yet. Overweight, $400 target. x.com 

A new sell-side forecast for SK hynix's Q4 operating profit strengthens its low-valuation case. The report looks for a 40% sequential rise to $88B, up 560% year over year. SK hynix might earn over $350B in operating profit in 2027 against an $800B market cap, or about 2x EV/operating profit after accounting for cash and its Kioxia stake. It could afford to buy back half its shares over three years. x.com 

SK hynix is a leveraged $1.5 trillion company headed for a "doomsday" reckoning. Its shares have already dropped from $194 last week to $120. x.com 

SK hynix's reported growth and shareholder returns make its low earnings multiple stand out. Revenue rose 328% year over year and operating profit 632%, with shareholder returns worth about 9.5% of market cap, yet the stock trades at roughly 3.0 times estimated 2027 earnings. x.com 

SK hynix's signed long-term cloud contracts give its AI-memory demand greater visibility and may support sustained pricing. Fourteen agreements cover over 50% of 2027-28 production capacity; HBM4 shipments are ramping, with the company expecting HBM4 to exceed HBM3E in volume and revenue by Q4 2026. AI-memory cash generation and Kioxia investment gains also underpin planned 2026 shareholder returns of about 100 trillion won, including dividends and buybacks. x.com  x.com 

SK hynix was priced to perfection, and its relisting into QQQ was meant to drive it higher, but it missed its first quarter after going public, which a newly listed company can't afford to do. x.com  x.com 

SK hynix's contracted capacity and demand outlook make its record quarter hard not to like. Agreements with 14 major customers cover over half of 2027-28 capacity; it expects demand above supply through 2030. Q3 revenue of $78.8B and operating profit of $62.8B beat $74B/$58B Street estimates, its first quarter above ₩100T with near-80% margins. It guides roughly ₩100T in FY26 shareholder returns, including a ₩20,000 Q3 dividend, half a one-off Kioxia special. x.com