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Nomura projects significant profit growth for SK Hynix through 2027 based on memory demand
Friday, February 13, 2026 at 09:19 AM
Nomura has issued revised operating profit forecasts for SK Hynix for 2026 and 2027, projecting $130.8 billion and $184.8 billion respectively, driven by market demand for commodity memory and specialized AI memory components.
Context
Nomura has issued a highly bullish outlook for SK Hynix, forecasting a massive surge in operating profits to reach $130.8 billion in 2026 and $184.8 billion by 2027. This projection stems from a structural shift in the memory market, where traditional commodity cycles are being overshadowed by high-margin AI hardware. The firm expects the company's dominance in the High Bandwidth Memory (HBM) sector to drive unprecedented cash flow as the industry transitions to HBM4 and HBM4E standards over the next two fiscal years.
This aggressive valuation reflects the tightening grip of SK Hynix on the global AI supply chain, particularly as the primary supplier for NVIDIA’s next-generation architectures. As data center scaling accelerates, the persistent supply deficit in high-density DDR5 and enterprise SSDs is expected to last through 2027. For investors, these figures suggest SK Hynix is evolving into a central infrastructure play, with record-breaking profit margins fueled by a long-term structural supply-demand imbalance.
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