Florin Marian 🇷🇴 🤝🇪🇺🤝🇺🇸

SK HYNIX $SKHY Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $78.9B (Est. $74.8B) 🟢; +328% YoY 🔹 Oper Profit: $62.8B (Est. $58.5B) 🟢; +632% YoY 🔹 Oper Margin: 80%; +3,300 bps YoY; record high 🔹 QoQ: Revenue +32% / Oper Profit +38% Q4 Guide: 🔹 DRAM Bit Growth: Mid-20% QoQ 🔹 NAND Bit Growth: Mid-single% QoQ incl. Solidigm Q3 Pricing & Volume: 🔹 DRAM ASP: High-20% QoQ; bits ~+10% QoQ 🔹 NAND ASP: Mid-20% QoQ; bits slightly lower QoQ Profitability: 🔹 Gross Margin: 85.7% (Est. 85.2%) 🟢 🔹 EBITDA: $66.1B; 84% margin; +486% YoY 🔹 EPS: $41.07; +205% YoY Financials: 🔹 Cash: $86.3B; +311% YoY 🔹 Interest-Bearing Debt: $11.9B; -34% YoY 🔹 Net Debt-to-Equity: -32%; -2,800 bps YoY 🔹 Operating Cash Flow: $41.3B; +281% YoY 🔹 Total Assets: $295.5B 2027 Market Outlook: 🔹 DRAM Demand Bit Growth: +mid-20% YoY 🔹 NAND Demand Bit Growth: +high-teens% YoY 🔹 2027 CapEx: To rise significantly vs 2026 🔸 Memory demand expected to outpace supply through 2030 Product & Technology: 🔹 HBM4: Expected to surpass HBM3E in HBM shipment and revenue share in Q4 🔹 2027 HBM: Negotiations finalized; profitability gap with conventional DRAM expected to narrow meaningfully 🔹 M15X: Ramp-up accelerating to full capacity by end-2026 🔹 321L NAND: Over 50% of domestic capacity in Q4 Business Highlights: 🔹 LTAs: Signed with 14 key customers incl. major global CSPs; standard 5-year term; over 50% of 2027-2028 capacity secured 🔹 Q3 Dividend: ~₩20,000/share (~$15.08), incl. a ₩10,000 special dividend from realized Kioxia gains 🔹 Share Acquisition: ₩20T (~$15.1B) for the quarter, incl. ~₩10T for executive & employee compensation 🔸 Quarterly revenue topped ₩100T for the first time Note: 🔹 Net Profit: $30.0B; +216% YoY 🔸 Includes a $24.6B non-operating loss: a $17.3B investment-asset loss and an $8.8B FX loss as the won strengthened FX used for USD conversion: $1 = ₩1,326 (mid-market; Oct 27, 2026)

Breaking: Elon Musk ordered the Starlink slowdown that blindsided Ukraine on.wsj.com/4sgcpBv

Hedge Funds dumped tech stocks last week at the fastest pace in AT LEAST a decade 🚨

Ukraine has “already lost” the war against Russia, says @Alice_Weidel, co-leader of the Alternative for Germany party, which is leading German opinion polls. She told @zannymb, that Germany should pull the plug on support for Ukraine against Vladimir Putin’s invasion. Watch the full interview at 6pm London time (1pm in New York): bit.ly/4yrcX9s

I just saw this in person, and I am still asking how this wasn’t AI 😂

Very big deal

🚨 Alemanya dona suport a l’aprovació del sistema de conducció autònoma supervisada de Tesla (FSD) a tota la Unió Europea 🇩🇪🇪🇺 Després de negociar directament amb Tesla, el govern alemany ha arribat a un acord sobre els punts que generaven més dubtes i el ministre de Transport assegura que treballarà perquè el sistema s’aprovi a Europa «tan aviat com sigui possible». Entre els acords: ✅ El sistema podrà superar el límit de velocitat fins a un màxim del 10%
✅ El conductor continuarà sent responsable de la conducció
✅ Tesla ha ofert canviar el nom de “FSD” a “Tesla Assisted Driving” Fa només uns dies Alemanya encara expressava dubtes sobre la seva aprovació. Un pas ENORME per l’FSD a Europa. 🇪🇺

Jensen Huang on Elon Musk building Terafab: “If anybody could do it, he can” “Elon likes to talk about these things, and so we spent a lot of time talking about it” But this one perfectly describes Elon: “You can’t discourage Elon from doing it....that’s his superpower. Once he decides to go do something, it’s hard to stop him”

.@DavidSacks makes a good case here that the “AI will kill humanity” headlines were orchestrated: they leaped into mainstream media from the dormant X account of an Anthropic employee who quit after six weeks. David names purported perpetrators and calls out the role @WSJ played.

Nike really said, “yep, this is the ad that’s gonna make people buy shoes” 😂