Samsung Electronics, SK hynix set to report Q3 earnings this week

South Korean chipmakers Samsung Electronics and SK hynix are scheduled to unveil their third-quarter earnings this week, with robust demand for artificial intelligence (AI) memory chips anticipated to boost their profits significantly. According to industry experts, SK hynix is set to disclose its financial results on Wednesday, followed by Samsung Electronics on Thursday.

Analysts predict their combined operating profit will reach approximately 185 trillion won (US$139.4 billion), fueled by high memory chip prices and the escalating demand for high-bandwidth memory (HBM) utilized in AI accelerators. Samsung Electronics had previously estimated its third-quarter sales at 195 trillion won and operating profit of 107.4 trillion won in its preliminary earnings guidance.

Investors will be keenly observing the companies' performance in supplying next-generation HBM4 chips for Nvidia's AI accelerators, including the Vera Rubin platform. SK hynix is also projected to deliver strong earnings due to robust demand for conventional memory chips and advanced HBM products. However, SK hynix recently announced on Friday that it has halted plans to list its U.S. subsidiary Solidigm, citing unfavorable market conditions.

The company's decision was prompted by shareholder opposition and regulatory concerns over potential consequences, such as undermining minority shareholders' interests if a separate listing were to occur.