Jeju Semiconductor

Jeju Semiconductor · Memory specialty (MCP / DRAM)

Thu, May 14, 2026·After Market Close

Jeju SemiconductorMemory specialtyMCP5G IoTDRAMEarnings surpriseEarnings

01Wall Street Consensus

EPS—

RevenueNot disclosed — record-high quarterly expected

02Earnings Results

EPS—

RevenueKRW 180.5B

Operating profitKRW 67.1BYoY +1,713%

Operating margin37%

Revenue YoY+273%

After-Hours Reaction+11%

※ Record quarterly print — revenue and OP based on preliminary release

Key Takeaways

Q1 revenue KRW 180.5B (+273% YoY) — highest quarterly print on record
Operating profit KRW 67.1B (+1,713% YoY) — highest quarterly print on record
Operating margin 37% — specialty margin explosion
Triple effect — DRAM prices doubled YoY, 5G IoT demand, KRW tailwind
Joint growth across MCP, mobile, and automotive memory
First quantitative validation of the memory supercycle broadening beyond the big two

Key Checkpoints

01Speed of DRAM price uplift passing through to specialty memory margins
02Revenue mix shift across MCP, mobile, and automotive memory
035G IoT demand — multi-chip-package shipment acceleration
04Quarterly operating margin — clearing the 30%+ threshold

Upside Catalysts

First validation of the memory specialty supercycle broadening beyond the big two
5G IoT demand acceleration — MCP shipment surge
Automotive memory demand growth

Risk Factors

DRAM price volatility — specialty also exposed to ASP swings
Inventory valuation movement
Margin compression if KRW weakness moderates

1Bottom line

Jeju Semiconductor is the fastest read on how the memory specialty supercycle broadens beyond the big two (Samsung, SK Hynix). With DRAM prices doubled, the single variable is how fast specialty margins absorb the move.

Detail

SEPS 서프라이즈 히스토리

Beat0Miss1Beat률 0%

분기별 EPS 컨센서스 대비 서프라이즈(%) — 막대: EPS, 점선: 매출

컨센서스 대비 실제 EPS/매출 서프라이즈 (%)

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