Kioxia's revenue in the second quarter increased by 40.3% compared to the previous quarter, and the guidance for the third quarter fell short of expectations

According to the Science and Technology Innovation Board Daily, NAND flash memory manufacturer Kioxia achieved revenue of 2.480 trillion yen in the second quarter of fiscal year 2026 (July to September), a quarter-on-quarter increase of 40.3%; operating profit was 1.995 trillion yen, a quarter-on-quarter increase of 57.1%. Kioxia expects a net profit of 3.56 trillion yen for the first nine months, a quarter-on-quarter increase of 61.0%.

Kioxia expects operating profit of 2.00 trillion yen in the third quarter, while market expectations are for 2.35 trillion yen. The company will distribute an interim dividend of 90 yen per share. The company stated that the revenue growth is mainly due to strong demand from generative AI data center customers, which has significantly driven up the average selling price of products and increased bit shipments.