KB Securities: Operating profits of Samsung Electronics and SK Hynix over the next two years could reach 2.1 times their cumulative total over the past 26 years.

on October 26, according to Korea Economic Daily, KB Securities forecasts that the combined operating profit of Samsung Electronics and SK Hynix from 2026 to 2027 will reach 1,571 trillion won, approximately 2.1 times the 748 trillion won they accumulated cumulatively from 2000 to 2025. Specifically, their 2027 operating profits are projected to reach 555 trillion won and 389 trillion won respectively, marking year-over-year increases of 51% and 50%.

KB Securities notes that rising AI chip demand has tightened memory supply, with 70% to 80% of the memory production planned by the two companies for 2027 already secured through five-year long-term supply agreements with major global tech firms. Meanwhile, both companies' P/E ratios have dropped to roughly three times, and foreign ownership stakes have fallen to their lowest levels since the 2008 global financial crisis. KB Securities believes the market may be underestimating the mid-to-long-term profitability growth potential of the two companies.