#반도체 Analysis Reports
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Hanmi Semiconductor is a semiconductor back-end equipment maker specializing in TC bonders (thermo-compression bonders) for HBM (High Bandwidth Memory) manufacturing processes, recording the No. 1 global HBM TC bonder market share of 71.2% based on cumulative revenue through Q3 2025 (TechInsights research, cited via Sisa Journal-e and Korea Economic TV). In Q2 2026 (preliminary, consolidated), the company recorded revenue of KRW 251.1 billion and operating profit of KRW 130.3 billion (operating margin 51.9%), both quarterly record highs, up +39.5% and +51.0% YoY respectively (reported by Herald Economy, Seoul Economic Daily, CBC News, and others). The 2026-07-29 closing price was KRW 164,600 (-5.13% vs previous day, trading volume of 2,419,658 shares), and based on 95,312,200 total shares outstanding, market capitalization is approximately KRW 15.69 trillion (DART quarterly report, fiscal period-end 2026-03-31).
Sandisk Corporation (SNDK) is a NAND flash storage company that was spun off from Western Digital on 2025-02-21 and began independent trading on NASDAQ under 'SNDK' on 2025-02-24. In FY2026 Q3 (2026-01-03 to 2026-04-03, reported 2026-04-30), revenue was $5.95B (+97% QoQ) and GAAP net income was $3,615M, with data-center revenue up +645% year-over-year. The company extended its NAND joint-production agreement with Kioxia through 2034-12-31 on 2026-01-29, and on 2026-04-30 the board approved a $6B share buyback program. The 2026-07-17 closing price was $1,354.82, down -3.99% versus the previous day, with volume of 19,810,859 shares.
In its fiscal year 2026 Q3 (period ended 2026-05-28) results announced on 2026-06-24, Micron Technology reported revenue of $41.46 billion (+345.8% year-over-year, +73.6% quarter-over-quarter) and GAAP diluted EPS of $24.67, beating the consensus EPS estimate of $20.28. The company guided Q4 revenue to $50.0 billion (±$1.0 billion) and Non-GAAP gross margin of approximately 86%. Between 2026-07-15 and 2026-07-17, reports of China's CXMT pursuing an $8.5~8.6 billion IPO coincided with reports that the U.S. government was reviewing tighter export restrictions on high-bandwidth memory to China, and the semiconductor sector broadly pulled back as a result; the stock closed at $848.95 on 2026-07-17 (-0.50% from the prior day).
AXT closed at $81.64 on the Nasdaq on 2026-08-14 (+5.41% vs. the previous day). In its Q2 2026 results announced on 2026-07-30, revenue reached a record quarterly high of $47.6 million (+77% quarter-over-quarter, +164% year-over-year), and GAAP operating income turned positive at $10.42 million (versus -$6.70 million in Q2 2025). The company signed long-term indium phosphide (InP) wafer supply agreements with Coherent, Casella, and Lumentum, each including upfront deposits, and its subsidiary Tongmei withdrew its Shanghai Stock Exchange listing application on 2026-06-26, shifting instead toward a Hong Kong Stock Exchange listing.
SK Inc. is the holding company of SK Group, with subsidiaries including SK hynix, SK Telecom, SK Innovation, and SK Square. Its closing price on 2026-08-06 was KRW 509,000 (a market cap of approximately KRW 36.9039 trillion based on 72,502,703 shares outstanding). Consolidated 2025 results showed revenue of KRW 122.7033 trillion, operating profit of KRW 1.8185 trillion, and net income of KRW 1.5975 trillion, turning profitable after two consecutive years of losses in 2023-2024. On 2026-03-10, the board resolved to retire treasury shares equivalent to approximately 20.3% of total shares outstanding (planned retirement value of approximately KRW 4.8343 trillion, scheduled retirement date 2027-01-04); the largest shareholder, Chairman Chey Tae-won, held a 25.66% stake (30.66% including special related parties) as of the 2026-05-19 large shareholding report. On 2026-07-31, a contract was signed to sell a 70.61% stake in SK Siltron to Doosan for KRW 2.3 trillion.
ASML posted Q2 2026 (period ended 2026-06-28) total net sales of €9.3billion, net income of €2.9billion, and gross margin of 54.0%, selling 86 new lithography systems and 5 used systems (announced 2026-07-15). The company raised its full-year 2026 net sales guidance range to €43-45billion with gross margin of 54-56%, and guided Q3 2026 net sales to a range of €11.0-12.0billion. Following reports on 2026-07-27 that a Chinese state-owned enterprise had begun mass production of a domestically made immersion DUV lithography system, ASML's share price fell 6.7% on a closing-price basis. The 2026 interim dividend, payable on 2026-08-05, is €1.88 per share.
TSMC reported Q2 2026 (2Q26, as of 2026-06-30) revenue of US$40.20B (+33.7% YoY), gross margin of 67.7%, and operating margin of 60.3%. At its 2026-07-16 earnings call, the company raised its 2026 full-year revenue growth guidance from the mid-30% range to the low-40% range, raised its CapEx guidance from US$52-56B to US$60-64B, and announced an additional US$100B increase in Arizona fab investment, bringing the cumulative total to US$265B. 2Q26 revenue by application was 66% HPC (High-Performance Computing) and 22% smartphone, with advanced processes of 7nm and below accounting for 77% of total wafer revenue.
Broadcom is a fabless semiconductor company operating two business segments, Semiconductor Solutions and Infrastructure Software, and reported Q2 FY2026 (fiscal quarter February–May 2026) results, announced on 2026-06-03, with revenue of $22.2 billion (YoY +48%) and AI semiconductor revenue of $10.8 billion (YoY +143%). The company guided FY2026 annual AI semiconductor revenue of $56.0 billion (YoY +180%), with Q3 guidance of $29.4 billion in revenue (AI semiconductor revenue of $16.0 billion). On 2026-07-08, it signed a custom silicon and wireless connectivity supply agreement with Apple worth over $30.0 billion through 2031, and on June 24 unveiled the jointly developed inference chip 'Jalapeño' with OpenAI. As of 2026-07-17, the stock closed at $370.825, down -0.97% from the previous close.
Samsung Electronics closed at KRW 263,500 on 2026-07-21 (+4.77% vs. previous day, volume 36,698,805 shares). The same day, the Korea Customs Service announced that semiconductor exports for July 1-20 rose 180.6% year-over-year. Preliminary consolidated results for Q2 2026 showed revenue of KRW 171 trillion and operating profit of KRW 89.4 trillion, both quarterly records, with the DS (semiconductor) division accounting for approximately 94% of total operating profit as of Q1 2026 (Samsung Newsroom Korea). The combined stake of the specially related persons group stood at 19.69% as of 2026-07-10, with the largest shareholder, Samsung Life Insurance, holding 8.51% (DART).
Intel은 2026년 2분기(2026-06-27 마감) 매출 161억 달러로 전년동기 대비 25% 성장해 15년 내 최고 성장률을 기록했으며, Data Center and AI 세그먼트 매출이 63억 달러로 59% 성장하며 실적 개선을 이끌었다(SEC 8-K, 2026-07-23 발표). 다만 미국 정부가 보유한 CHIPS Act 에스크로 주식의 시가평가 손실 약 125억 2,900만 달러가 반영되며 2분기 GAAP 기준 순손실이 약 110억 달러 발생했다. 2026년 상반기 누적 매출은 297억 500만 달러, 순손실은 147억 6,100만 달러이며(시스템 정본 재무 데이터, 접수번호 0000050863-26-000157), 2026-08-07 종가는 101.65달러로 전일 대비 1.84% 상승 마감했다.
NVIDIA closed at 225.16 USD on 2026-08-14 (-0.06% vs. the previous day), with a market capitalization of approximately 5.449 trillion USD (Toss Securities stock information, as of 2026-08-15). Per its FY2026 annual report (accession no. 0001045810-26-000021), revenue was 215.938 billion USD (+65.47% YoY), operating income was 130.387 billion USD, and net income was 120.067 billion USD; in Q1 FY2027 (10-Q, accession no. 0001045810-26-000052), revenue continued to grow, reaching 81.615 billion USD (+85.23% YoY). On 2026-08-11, NVIDIA entered into an MOU with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR for an AI computing infrastructure financing platform, announcing a plan to raise more than 500 billion USD in third-party capital (NVIDIA official press release). Q2 FY2027 (period ending 2026-07-26) earnings are scheduled for release on 2026-08-26.
KOSES (089890) closed at KRW 24,850 on 2026-07-24, down -7.28% from the previous close (KRW 26,800), with trading volume of 466,650 shares (Toss Securities Open API). On the same day, the KOSPI and KOSDAQ plunged -5.73% and -5.32% respectively, triggering the year's 21st sidecar (program trading suspension), with large-cap semiconductor stocks such as Samsung Electronics and SK Hynix declining together (Hankook Ilbo, Korea Economic Daily, 2026-07-24). On 2026-07-13, KOSES disclosed a KRW 150.4 billion supply contract with US-based Bloom Energy for AI-server SOFC electrode cell automation equipment (equivalent to 183% of recent revenue) (Bloter, 2026-07-13). No individual disclosures regarding contract termination, litigation, or other special items for KOSES were found in the Seoul Economic Daily corporate disclosure and daily memo listings (2026-07-23, 24).
SK Square is an investment holding company established in November 2021 through a spin-off from SK Telecom. For Q1 2026, it announced record-high quarterly results on a consolidated basis, with revenue of KRW 300.3bn, operating profit of KRW 8.2783tn (+400% YoY), and net income of KRW 8.3747tn (+419% YoY) (media report based on the 2026-05-14 disclosure, A). About 98% of the company's net asset value (NAV) of KRW 309.3tn is accounted for by its SK hynix stake (a 20.1% holding), and the largest shareholder is SK Inc. (32.14%, as of 2026-03-31). During the first half of 2026, portfolio restructuring continued through the divestment of non-core assets, including 11st's incorporation as an SK Planet subsidiary and the full sale of the ONE store stake (2026-06-29).
SK hynix posted its highest-ever quarterly results in Q1 2026, with revenue of KRW 52.5763 trillion and operating profit of KRW 37.6103 trillion (operating margin of approximately 72%), and for full-year 2025 also recorded its highest-ever annual results, with revenue of KRW 97.1467 trillion and operating profit of KRW 47.2063 trillion (SK hynix Newsroom). On 2026-07-10, it listed American Depositary Shares (SKHY) on the Nasdaq, and the closing price as of 2026-07-21 was KRW 1,872,000 (+1.68% vs. the previous day, volume of 7,912,276 shares) (Toss Securities Open API). On the same day, institutions led net buying of KRW 695.2 billion while foreign investors net sold KRW 439.0 billion, with Q2 2026 results scheduled for release on July 29 (Herald Economy · Financial News).
Nebius Group N.V. (NBIS) recorded Q1 2026 (Jan-Mar) group revenue of $399 million (+684% YoY), with AI Cloud revenue of $390 million (+841% YoY) accounting for 98% of total revenue (earnings release, 2026-05-13). Nvidia reported a 9.3% stake in NBIS as of 2026-07-13 via Schedule 13G — including pre-funded warrants acquired on 2026-03-11 — confirmed in a 2026-07-21 filing. Nebius announced on 2026-07-17 that it had secured a $775 million senior secured loan collateralized by GPU assets and contracted customer cash flows. Q2 2026 (Apr-Jun) results are scheduled for release before market open on 2026-08-12 and had not yet been released as of the analysis date (2026-08-02).
Bitgwa Jeonja (069540) is an optical transceiver (optical module) manufacturer. It closed at KRW 2,225 on 2026-08-04 (+10.97% vs. the previous day, volume 7,686,853 shares). On a consolidated basis, FY2025 revenue was KRW 31.77bn (+75.2% YoY), but the company posted an operating loss of KRW 16.531bn (operating margin -52.0%) and a net loss of KRW 19.651bn, with an accumulated deficit of KRW 105.9bn (DART FY2025 business report, fiscal year-end 2025-12-31). From June 2024 to January 2026, the largest shareholder changed three times, in order: Lightron Holdings, K-Head Union, and BNS Union; the current largest shareholder, BNS Union, is a union in which KH Philux holds a 92.26% stake (DART shareholder status, as of 2026-03-31; Fieldnews). On 2026-08-04, the same day as the sharp price increase, the payment date for the 18th convertible bond (KRW 16.0bn) was scheduled, but no disclosure or news report explicitly identifying this as the direct cause of the surge has been confirmed.
On August 14, 2026, Seojin System disclosed its confirmed H1 2026 (cumulative) results via its semiannual report (filing no. 20260814004243): consolidated revenue of KRW 690.35 billion, an operating loss of KRW 52.31 billion, and a net loss of KRW 60.68 billion. For FY2025 (consolidated), the company recorded revenue of KRW 1,066.33 billion, operating profit of KRW 1.15 billion, and a net loss of KRW 102.42 billion, with the operating margin plunging to 0.11% (filing no. 20260323001543). During the same period, a substantial portion of the shares held by largest shareholder and CEO Jeon Dong-gyu were pledged as collateral to multiple financial institutions, and on August 7, 2026, an amended disclosure (filing no. 20260807900848) of a share pledge agreement involving a change of largest shareholder was filed. The company carried out a third-party allotment capital increase of KRW 180 billion on April 22-23, 2026, and its Vietnamese subsidiary is contesting a notice of VAT assessment totaling KRW 156.2 billion.
iVisionworks is a KOSDAQ-listed company whose core business is machine-vision inspection systems covering the full pre-assembly process for secondary batteries. In FY2025, revenue was KRW 23.0 billion, down 34.48% from the prior year (KRW 35.2 billion), and operating profit swung to a loss of KRW 390 million (audit report, filed 2026-03-20). On 2026-07-01, the board of directors resolved a 5-for-1 reverse stock split reducing total shares outstanding from 34,456,481 to 6,891,296, with an extraordinary general meeting to approve it scheduled for 2026-08-07 (DART filing). On 2026-08-03, a disclosure on changes in shareholding was filed after largest shareholder Gil Gi-jae acquired shares on the open market, increasing his personal holding from 10,624,930 to 10,675,700 shares (DART). The closing price that day was KRW 730, up 15.87% from the previous close, with trading volume of 260,437 shares.
IREN Ltd is a Nasdaq-listed company transitioning from bitcoin mining to AI cloud and data center leasing, and announced on 2026-08-13 that it had delivered the first phase (Horizon 1, 50MW at its Childress, Texas campus) of its five-year, $9.7 billion AI cloud agreement with Microsoft and had been granted 'Exemplar Cloud' status by NVIDIA. Q3 FY2026 (January–March 2026) revenue was $144.8 million, 34.14% below consensus, while AI cloud revenue rose 94.2% quarter-over-quarter to $33.6 million. On 2026-08-04, the company completed the acquisition of cloud software company Mirantis Inc., issuing approximately 12.6 million new shares. The 2026-08-14 closing price was $44.06, down 1.56% from the prior day.
CoreWeave is an AI-dedicated cloud infrastructure company built on Nvidia GPUs. For Q2 (ended 2026-06-30), announced on 2026-08-11, revenue rose 112% year-over-year to $2,575M, with adjusted EBITDA of $1,510M. On the same day, revenue backlog was reported at approximately $104B (as of 2026-06-30), and the company raised its FY2026 revenue guidance to $12.4B-$13.2B. On a GAAP basis, losses continued, with an operating loss of $49M and a net loss of $626M; total debt as of 2026-06-30 was $34,973M.
Apple posted FY2026 Q2 (ended 2026-03-28) revenue of $111.2 billion (+17% year-over-year) and diluted EPS of $2.01 (+22%), with gross margin reaching 49.3%, the top end of the company's guided range (48-49%) (Apple 10-Q FY2026 Q2, earnings release 2026-04-30). FY2025 full-year revenue was $416.16 billion (+6% year-over-year) with net income of $112.01 billion, an all-time high (Apple 10-K FY2025, as of 2025-09-27). On 2026-04-20, Apple announced that Tim Cook would step down as CEO to become Executive Chairman, with John Ternus taking over as CEO effective 2026-09-01 (Apple Newsroom). FY2026 Q3 (June quarter) results are scheduled for release on 2026-07-30.
Samsung SDI recorded consolidated revenue of KRW 13.2667 trillion and an operating loss of KRW 1.7224 trillion for FY2025, while Q1 2026 revenue reached KRW 3.5764 trillion (+12.6% YoY) with an operating loss of KRW 155.6 billion — a 64.2% narrowing of the loss YoY — and net income turned positive at KRW 56.1 billion. The battery (energy solutions) segment expanded its supply contracts, including an LFP battery supply agreement for Tesla's ESS, an ESS supply contract with a U.S. energy company (approximately KRW 1.5 trillion), and a domestic power-grid ESS deployment project, while the electronic materials segment showed improved sales of semiconductor and display materials. In July 2026, its UPS batteries became the world's first to pass UL Solutions' large-scale indoor fire test, and in March of the same year, at InterBattery 2026, the company unveiled 'Solidstack,' a solid-state battery sample for physical AI applications.
UTI is a KOSDAQ-listed company that manufactures camera windows for smartphones and ultra-thin tempered glass (UTG) for foldable phones. Per its 2025 business report, revenue was KRW 19.97 billion (+7.6% YoY), operating loss was KRW 48.31 billion, and net loss was KRW 37.39 billion (DART receipt no. 20260323001351). Cumulative H1 2026 revenue was KRW 10.27 billion, operating loss was KRW 29.07 billion, and the debt-to-equity ratio was 194.6% (receipt no. 20260814004281). The rights offering issue price was finalized at KRW 1,684 on 2026-08-06, followed by subscription (8/10~11) and payment (8/13); around the same time, largest shareholder and CEO Park Deok-young gifted 700,000 common shares. The closing price on the analysis reference date (2026-08-14) was KRW 2,775, up +29.98% versus the previous day.