JC retweeted
$GOOGL free cash flow was negative $8.9 billion, $3 billion worse than in Q2, though magnified by working capital movements. Still, it retains best cash generation profiles among hyperscalers, coming closest to funding itself.
Culprits for margin downside? $GOOGL is stepping up pace of hiring - headcount hit 204,757 up 3% QoQ & +8% YoY, fastest since Q4 2023, before it slammed brakes. Plus pressure on margin from surging capex & 50% higher depreciation.
JC retweeted
SK hynix to Accelerate KRW 40 Trillion Share Buyback and Cancellation; Raises Shareholder Return Target to “At Least 50% of FCF”
▶️ Share Buyback and Cancellation
- On August 19, the board approved the repurchase and cancellation of KRW 40 trillion worth of treasury shares.
- Based on the previous day’s closing price of KRW 1,662,000 per share, the company plans to acquire approximately 24.07 million shares, equivalent to around 3.3% of total shares outstanding.
- The repurchase will begin on August 20 and continue for approximately three months, after which all acquired shares will be cancelled.
- This will be the largest share cancellation ever undertaken by a Korean-listed company.
▶️ Rationale Behind the Decision
- The company believes its current share price does not adequately reflect its intrinsic value, considering its business competitiveness, cash-generating capacity, and medium- to long-term growth prospects.
- SK hynix’s net cash position reached approximately KRW 69 trillion as of the end of the second quarter, reflecting a significant improvement in cash generation.
▶️ Accelerated Implementation of Shareholder Return Policy
- The company is accelerating the implementation of its existing policy to return up to 50% of cumulative free cash flow generated between 2025 and 2027.
It also plans to raise its shareholder return target from “up to 50% of cumulative FCF” to “at least 50%.”
- With progress toward its financial soundness targets remaining on track, the company intends to continue shareholder returns while maintaining a stable financial structure.
▶️ Next Steps
- SK hynix plans to combine share buybacks and cancellations with cash dividends, while also considering measures to expand dividends, including higher fixed dividends and special dividends.
- The specific size and structure of additional shareholder returns will be determined by the board and announced alongside the company’s third-quarter earnings results.
$SKHY
JC retweeted
SK hynix (Market Cap: KRW 1,132.2632 trillion)
2Q26 Earnings Results
▶️ Results:
Revenue: KRW 79 trillion (+257% YoY)
(Consensus: KRW 84 trillion; 5.5% below consensus)
Operating profit: KRW 61 trillion (+557% YoY)
(Consensus OP: KRW 64 trillion; 5.4% below consensus)
Operating margin: 76.3%
(Consensus OPM: 76.2%; 0.1%p above consensus)
JC retweeted
I always think if you are going to talk about credibility, an important first step is to spell it correctly.
@SW_Help hi your car park availability checker looks broken with many stations showing 0 spaces available or 0 taken e.g. Woking oriental road 555/555 available - not the case southwesternrailway.com/trav…
JC retweeted
350 dollars to go and see rkid in USA what a cunt when will it all stop as you were LG x
JC retweeted
starting to think Vallance didn’t think that much of Johnson’s intellectual capabilities
How is this still up with no correction? – at Esher, South East
Israeli air strikes have hit Al Ahli hospital in Gaza. More than 500 people - patients, doctors & those sheltering - have been killed.
What unspeakable horror. We will mourn their loss forever.
Our leaders could have spoken up for peace. They chose to cheer on war instead.
When will they demand an end to these atrocious war crimes? How many Palestinian lives will it take to call for these indiscriminate killings to stop?
Please, for the sake of humanity, raise your voice for an immediate ceasefire. The existence of the Palestinian people is at stake.
