[Feature Stock] Exploding Customer Demand... Wonik QnC Surges Over 13%

by Kim Daehyun

Published 06 Mar.2026 13:50(KST)

Shares of Wonik QnC are on the rise, fueled by expectations for continued strong performance as global memory semiconductor companies gradually ramp up new facility investments.

As of 1:34 p.m. on March 6, 2026, Wonik QnC was trading at 34,750 won, up 4,050 won (13.19%) from the previous trading day.

On this day, Yuanta Securities issued a "Buy" rating on Wonik QnC and set the target price at 41,000 won.

Wonik QnC posted a significant earnings surprise in the fourth quarter of last year, far exceeding market expectations. On a consolidated basis, revenue reached 249.1 billion won (up 14.7% year-on-year), and operating profit totaled 18.4 billion won, swinging to profit. In particular, the quartz (silica products) division led the improvement, recording an operating profit of 16 billion won, driven by robust demand from key U.S. customers.

[Feature Stock] Exploding Customer Demand... Wonik QnC Surges Over 13%

Baek Gilhyun, a researcher at Yuanta Securities, explained, "Our North American customers are instructing key parts suppliers to more than double their inventory levels. As a result, demand has been surging rapidly this year, especially at the Anseong plant in Korea and the Taiwan subsidiary."

With new facility investments by global memory semiconductor companies expected to steadily increase over the next three years, Wonik QnC's position with its major North American customers continues to be strengthened. It is also noteworthy that the company's quartz market share among Taiwanese clients is steadily expanding.

The outlook for first-quarter results this year is also positive. Yuanta Securities estimates that first-quarter operating profit will reach 24.7 billion won, up 33.8% from the previous quarter. The company expects further profit growth, citing the continued positive impact of higher utilization rates.

Baek added, "Even with the conservative assumption that the earnings contribution from subsidiary Momentive (MT Holding) will be limited, consolidated operating profit for this year is expected to grow significantly to 112.4 billion won, up 88.6% year-on-year."