High-bandwidth memory chip manufactured by Korea's SK Hynix are displayed at the Reuters office in San Francisco, Calif., Jan. 13. Reuters-Yonhap
U.S. memory chip maker Micron’s strong earnings and rosy mid-term outlook are prompting expectations on the profitability of Samsung Electronics and SK hynix in the second quarter.
According to industry officials, Sunday, Samsung Electronics is expected to release its earnings guidance for the April-June period around July 7, while SK hynix will announce its financial results in late July.
Brokerages are already expecting both companies to post record earnings.
According to market tracker FnGuide, brokerage consensus forecasts Samsung Electronics to post 86 trillion won ($56 billion) in operating profit and 170.47 trillion won in revenue.
