# KB Projects Samsung, SK Hynix Operating Profit at 2.1 Times 26-Year Total

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/40766
Published: 2026-10-26T03:15:20.000Z
Updated: 2026-10-26T03:15:20.000Z
Section: Business

> Five-year supply agreements cover about 70% to 80% of the companies’ planned 2027 memory production.

KB Securities expects Samsung Electronics and SK Hynix to generate 1,571 trillion won in operating profit across 2026 and 2027, a two-year projection that is about 2.1 times their combined total for the previous 26 years.

The companies earned a combined 748 trillion won from 2000 through 2025. The comparison puts the forecast for the next two years against their cumulative operating profit over a much longer period.

For 2027, KB Securities projects operating profit of 555 trillion won at Samsung, up 51% from 2026. It estimates SK Hynix will post 389 trillion won, a 50% year-over-year increase.

Demand for AI chips is tightening memory supply. Five-year agreements with large global technology companies cover about 70% to 80% of the memory the two chipmakers plan to produce in 2027.

Both companies’ price-to-earnings ratios have fallen to about 3, while foreign ownership has reached its lowest level since the 2008 global financial crisis. KB Securities believes the market may be underestimating the companies’ medium- and long-term earnings growth potential.