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Kioxia Projects Net Profit of ¥869B for Q2, Up 47x YoY on Data Center Demand

2026-05-17 03:11:46

According to Jin10, Kioxia Holdings announced on May 16 that it projects net profit of 869 billion yen (approximately $5.7 billion) for the April-June quarter, representing a 47-fold increase year-over-year, driven by surging data center and semiconductor demand. The NAND flash memory chipmaker also reported that net profit for the fiscal year ending March surged over 100% to 554.9 billion yen, marking a second consecutive record high. CEO Hiroo Ota stated at an online briefing that flash memory demand is expected to remain robust as artificial intelligence becomes part of social infrastructure, with anticipated NAND demand exceeding supply through 2027.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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