Woofun AI reports that KIS Semicon analyst Minsook Chae projects SK Hynix’s second-quarter 2026 operating profit at 60.4 trillion Korean won, representing an 8% reduction from the market consensus of 65 trillion won. This figure indicates a 61% quarter-on-quarter and 556% year-on-year increase. The downward revision stems from SK Hynix’s higher High-Bandwidth Memory (HBM) sales ratio relative to competitors, muted price hikes in general DRAM, and Average Selling Price (ASP) stabilization due to Long-Term Supply Agreements (LTAs). Consequently, the forecasted quarter-on-quarter growth for comprehensive DRAM ASP in Q2 2026 has been adjusted down to 28.9% from 50.0%, with commodity DRAM ASP growth lowered to 34.2% from 60.6%. With HBM4 mass production scheduled for the third quarter of 2026, comprehensive ASP growth is expected to revert to an average market level of approximately 10% quarter-on-quarter. The analyst asserts this adjustment reflects the 3 to 5-year LTA structure rather than an industry downturn, projecting year-on-year operating profit growth rates of 419%, 53%, and 19% for fiscal years 2026 through 2028, respectively.