SK Hynix, the South Korean memory-chip maker, is set to announce its fourth-quarter results on Thursday. Here are the key details you should know:
Revenue Growth and Net Loss
According to a FactSet-compiled consensus forecast from 20 analysts, SK Hynix is expected to report a 36% revenue growth compared to the same quarter of the previous year. Additionally, the consensus suggests that the company will post a significantly narrower net loss of KRW278.69 billion for the quarter.
During the quarter, the stock rose by 23% to KRW141,500. However, it has recently traded 2.7% lower at KRW138,800.
What to Watch For
Investors will be keeping an eye out for the following:
Net Loss: Analysts are expecting to see if SK Hynix's net loss has sharply narrowed compared to the previous quarter and the same quarter of the previous year.
Recovery and Profitability: Most analysts anticipate the company to stay on track for recovery due to a rebound in semiconductor demand and prices. This recovery is partially driven by solid demand for powerful computing chips used in artificial intelligence devices. It is even speculated that SK Hynix may have swung to a profit in the quarter.
Outlook and Production Cuts: The company's outlook on future chip demand, as well as any potential changes to its previous production cuts, will be closely observed.