Analysts expect SK hynix's Q3 results to be disappointing

Under the influence of multiple unfavorable factors, the demand for consumer electronics such as smartphones has been affected, and the demand for memory chips has also slowed down, prices have fallen, and memory chip manufacturers have also experienced a decline in performance under pressure.

Many analysts expect that SK Hynix, the world's second-largest memory chip maker, will report disappointing third-quarter earnings next week amid a cyclical decline in the global semiconductor industry.

Analysts at Seoul-based financial services company FnGuide predict that SK Hynix's operating profit in the third quarter will fall to 2.5 trillion won, or about $1.73 billion, a year-on-year decline of 38.8%.

many analysts gave more pessimistic expectations. One of the analysts of a securities company expected a profit of 1.6 trillion won, down 61.1% year-on-year and 61.3% month-on-month; another analyst gave an expectation of 1.57 trillion won.

What's more unfavorable is that the two analysts expect SK Hynix to turn from profit to loss in the fourth quarter. The former analyst expects an operating loss of 186.9 billion won due to oversupply and falling prices; the latter analyst It is expected that due to the decline in DRAM prices, SK Hynix will lose money in the fourth quarter of this year and the first two quarters of next year.

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