ab 19 August 2026 Global Research ISU Petasys Visibility on MultiLAM demand + HDI capacity plans should help reassure investor concerns Solid 2H26 earnings set up on ramping MultiLAM mix as well as ASP hikes ISU reported 2Q26 consol OP of Won77bn, in-line with UBSe of Won78bn but slightly above Cons. of Won75bn, we believe primarily on mix (growing MultiLAM but also AI DC/Network revs up 11%/5% QoQ) which saw Petasys KR OPM come in at 17.8% (vs 16.6% in 1Q26). With c.23% of Petasys 2Q new orders centered on ...