DB HiTek shares plunge 16.3% as Q3 net income falls despite record operating profit
The KOSPI-listed chipmaker’s stock slid sharply on Thursday after preliminary third-quarter results showed a decline in net income, even as power-chip demand drove near-full utilization.
The KOSPI-listed chipmaker’s stock slid sharply on Thursday after preliminary third-quarter results showed a decline in net income, even as power-chip demand dr Published 2026-11-12 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
DB HiTek shares fell 16.26% on Thursday to close at 82,400 KRW after the company reported preliminary third-quarter 2026 results that showed a decline in net income, despite a rise in operating profit.
Record operating profit masked by net income drop
DB HiTek reported preliminary consolidated third-quarter 2026 revenue of KRW 403,358 million, a decrease of 2.68% from the previous period. Strong demand for power chips drove near-full utilization and a record quarterly operating profit, with the operating margin reaching 22.3% due to a richer mix of high-margin products.
The contrast between the top-line strength and the fall in net income triggered a heavy sell-off. Trading volume reached 1,403,003 shares. The stock’s market capitalisation stands at 3.52 trillion KRW.
Stock extends monthly decline
The sharp decline on Thursday extended a difficult month for the KOSPI-listed company. Shares have fallen 30.1% over the past month and 3.0% over the last five days. The stock is now 62.7% below its 52-week high of 230,500 KRW, having touched a low of 60,600 KRW during the same period.
Falling Shares rates the stock as Unstable, citing an annualised volatility of 89.8% compared to 46.9% for the benchmark. The move attribution for the latest session shows that 15.4% of the total 16.5% drop was company-specific, while 1.0% was attributable to the broader market, which fell 1.0% on the day. The stock’s long-term trend is also weak, trading 28.6% below its 200-day average with a death cross between the 50-day and 200-day moving averages.