SK Hynix (SKHY.O): long-term supply agreements for 2027 and 2028 have locked in supply exceeding 50% of total production capacity.

SK Hynix reported quarterly operating profit of KRW83.3 trillion for the quarter to September (consensus KRW76.7 trillion) and revenue of KRW104.6 trillion (consensus KRW98.3 trillion), both single-quarter records; quarterly profit rose more than sevenfold YoY. The company said it will implement an additional KRW100 trillion (~$75bn) shareholder return program in 2026. Operating margins remain at elevated, historic levels amid tight supply. SK Hynix expects memory-chip supply shortages to persist through 2030, citing rising technical difficulty at advanced process nodes and long lead times for new fabs that constrain near-term supply expansion. It sees near-term demand driven by enterprise and consumer AI adoption and mid-to-long-term growth from physical-AI applications such as autonomous driving and robotics.

Wells Fargo cut its PT on Robinhood (HOOD.O) to $100 from $120; cut its PT on Boeing (BA.N) to $210 from $250; raised its PT on United Parcel Service (UPS.N) to $112 from $110; and raised its PT on Cloudflare (NET.N) to $400 from $380.