[Special Stock] Despite Micron's Earnings Decline, Samjeon and Hynix Slightly Rebound

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[Asia Economy Reporter Kwon Jae-hee] On the morning of the 22nd, the stock prices of Samsung Electronics and SK Hynix showed a slight rebound. This is attributed to the fact that despite U.S. semiconductor company Micron Technology reporting earnings below expectations, its CEO mentioned that strong profitability can be achieved after this downturn, demonstrating a solid outlook.

According to the Korea Exchange as of 9:44 AM, Samsung Electronics was trading at 58,400 KRW, up 0.69% from the previous trading day, and SK Hynix was trading at 78,200 KRW, up 0.26%.

On the 21st (local time), after the U.S. stock market closed, Micron announced that its fiscal first-quarter (September to November) revenue was $4.1 billion, down 47% year-on-year, and it posted an operating loss of $100 million, turning to a deficit.

This figure was below the revenue consensus (average forecast) of $4.14 billion. It is the first time in seven years that Micron has recorded a quarterly operating loss.

Following the earnings announcement, Micron's after-hours stock price fell about 2%.

Seo Sang-young, a researcher at Mirae Asset Securities, said, "Although Micron reported earnings below expectations, the CEO's comment that strong profits can be achieved after this downturn seems to have acted favorably, showing a solid stance."

Kim Yang-jae, a researcher at Daol Investment & Securities, analyzed, "Considering Micron's earnings, the fourth-quarter results of Samsung Electronics and SK Hynix are also expected to fall short of consensus. The direction of memory industry stock prices will be determined depending on whether additional production cuts are announced in the earnings reports of the two companies in late January."

This content was produced with the assistance of AI translation services.