{
  "source": "var/production/coverage_universe_equity/inputs/bloomberg_transcript_text/000660_KS/000660_KS__2026-07-28__earnings_call_transcript.txt",
  "transcript_sha256": "a04483dbe699fcedeff7a10462ba3dcb73244acb9d7ac61335edfe924ff48645",
  "event_at": "2026-07-28T00:00:00+00:00",
  "passages": [
    {
      "anchor": "financial mechanisms such as deposits",
      "start": 8170,
      "excerpt": "vary depending on the customer and product characteristics,\nthey are designed to address price volatility.\nFurthermore, financial mechanisms such as deposits are incorporated to support\ncontract fulfillment and enhance the visibility and reliability of customers' mid-to-long\nterm demand plans. Building on this, we will enhance the efficiency of our investments\nand production operations thereby strengthening the foundation for mid- to long-term\nbusiness stability and sustainable growth. Next, I will discuss the company's plans.\nFor the third quarter, DRAM shipments are expected to increase by approximately 10%\nfrom that of Q2 as we actively respond to demand with focus on server products. For\nNAND, we plan bid shipment increase of low-single-digit percent quarter-on-quarter. As\nAI models become more sophisticated, the performance levels required for memory are\nrising even further and the scope of competitiveness is expanding beyond the design of\nindividual memory products to include system architecture and packaging technologies.\nLeveraging our competitive portfolio of DRAM and NAND including HBM and our"
    },
    {
      "anchor": "contract term normally",
      "start": 20330,
      "excerpt": "ing with our customers are designed in\nvarious forms to be more specific to each customer and their products. While the\ncontract term normally is around five years, specific conditions may vary depending on\nthe customer end product. (Foreign Language) And our pricing structure will also not be\nuniform. We are discussing with customers to adopt a range of pricing mechanisms that\ncan better respond to price volatility.\nThe objective is to reduce uncertainty arising from short-term market volatility while\nenhancing long-term business stability for both our customers and SK hynix. (Foreign\nLanguage) At the same time, it is equally important to secure effective purchase\ncommitment given the impact that demand volatility can have on the memory cycle. So,\nin addition to long-term volume commitments, the agreement included mechanisms\nsuch as deposits that can strengthen contract implementation and demand visibility. The\nspecific terms will differ depending on each customer's requirements and the contract\nstructure.\n(Foreign Language) Such structure will enable customers to define more reliable long-\nterm procur"
    },
    {
      "anchor": "effective purchase commitment",
      "start": -1,
      "excerpt": ", Head of HBM Sales\n, Head of Investor Relations\nSong Hyun-jong, President of Corporate Center\nUnidentified Speaker:\n, Analyst, SK Securities\nHyung-geun Ryu, Analyst, Daishin Securities\n, Analyst, JP Morgan\n, Analyst, UBS\n, Analyyst, Hana Securities\n, Analyst, Daiwa Capital Markets\n, Analyst, CLSA Securities Korea\n, Analyst, DS Investment & Securities\n, Analyst, Meritz Securities\n, Analyst, NH Investment & Securities\nQ2 2026 Earnings Call\nCompany Participants\nKim Kitae\nPark Seonghwan\nOther Participants\nDong-hee Han\nJay Kwon\nNicolas Gaudois\nRok-ho Kim\nSK Kim\nSanjeev Rana\nSu-rim Lee\nSunwoo Kim\nYoung-ho Ryu\nPresentation\nOperator:\nGood morning. Thank you for your participation in SK Hynix Earnings Release Conference\nCall. Today we will begin with SK hynix presentation and move on to a Q&A session.\n(Operator Instructions) Note that presentations will be interpreted simultaneously and a\nQ&A session will be consecutively interpreted. With that, we will now begin SK hynix\nearnings release con"
    },
    {
      "anchor": "While we cannot say how much",
      "start": -1,
      "excerpt": ", Head of HBM Sales\n, Head of Investor Relations\nSong Hyun-jong, President of Corporate Center\nUnidentified Speaker:\n, Analyst, SK Securities\nHyung-geun Ryu, Analyst, Daishin Securities\n, Analyst, JP Morgan\n, Analyst, UBS\n, Analyyst, Hana Securities\n, Analyst, Daiwa Capital Markets\n, Analyst, CLSA Securities Korea\n, Analyst, DS Investment & Securities\n, Analyst, Meritz Securities\n, Analyst, NH Investment & Securities\nQ2 2026 Earnings Call\nCompany Participants\nKim Kitae\nPark Seonghwan\nOther Participants\nDong-hee Han\nJay Kwon\nNicolas Gaudois\nRok-ho Kim\nSK Kim\nSanjeev Rana\nSu-rim Lee\nSunwoo Kim\nYoung-ho Ryu\nPresentation\nOperator:\nGood morning. Thank you for your participation in SK Hynix Earnings Release Conference\nCall. Today we will begin with SK hynix presentation and move on to a Q&A session.\n(Operator Instructions) Note that presentations will be interpreted simultaneously and a\nQ&A session will be consecutively interpreted. With that, we will now begin SK hynix\nearnings release con"
    },
    {
      "anchor": "we do intend to communicate our plans",
      "start": 38740,
      "excerpt": "not included in the offering document.\nFINAL TRANSCRIPT\n2026-07-28\n(Foreign Language) While we cannot provide the specifics regarding the format, size, or\ntiming of any additional shareholder return, we do intend to communicate our plans to\nthe market within the year once they have been finalized.\n(Foreign Language) And down the road, we will continue to execute investment to\nsupport growth in a timely manner, maintain sound financial structure, and pursue the\nkind of capital allocation strategy that can enhance shareholder value through\nsustainable cash generation.\nOperator:\n(Foreign Language) Thank you very much. And that concludes the SK hynix 2026 second\nquarter earnings release conference call.\nThis transcript may not be 100 percent accurate and may contain misspellings and other inac"
    }
  ],
  "issuer_release": "https://news.skhynix.com/en/q2-2026-business-results/"
}