In this earnings wrap, we take a closer look at the recent quarterly results of SK Hynix and Etsy, two companies that have delivered strong performances.

SK Hynix

* Delivered a 8% beat in operating profit, with management commenting on the company’s strong performance and positive outlook.
* Announced a buyback program of W20tn, which was lower than street consensus but did not seem to dampen investor sentiment.
* Secured LTA volumes covering over 50% of its total production capacity for 2027-2028, indicating the company’s confidence in its future growth.
* Management also provided guidance for 2026 total shareholder return of W100tn, in line with estimates.
* Foreigners and local institutions were net buyers in both Hynix and Sammy, with retail investors experiencing a profit take.

Etsy

* Beat and raised guidance, with management highlighting the company’s turnaround progress and improving retention rates.
* GMS grew 9.1% y/y, with EBITDA margins of 30.4%.
* Active buyers and sellers grew y/y for the first time in 2 years, signaling the relevance of Etsy to creative micro-entrepreneurs.
* Raised FY GMS guide to ~7% y/y and EBITDA margin guide to 30%, indicating the company’s confidence in its future growth.

Terraform

* Quarter and guide slightly ahead of street expectations, but with elevated expectations.

Overall, these two companies have delivered strong performances and provided positive guidance for the future. Their success in securing LTA volumes and turnaround progress is a testament to their commitment to growth and innovation. As investors, it is important to keep a close eye on these companies and their respective industries, as they continue to evolve and adapt to changing market conditions.