HBM4

Samsung reported KRW195.3 trillion revenue and KRW107.4 trillion operating profit in Q3 2026. This deep dive explains HBM4 economics, non-chip losses, capital allocation and the stock selloff.

SK hynix reported record revenue and operating profit in Q3 2026 while net income fell sequentially. The analysis separates HBM4 pricing, contract coverage, shareholder returns and future capacity risk.