Kioxia Q2 Operating Profit Nears ¥2 Trillion, Q3 Guidance Falls Short of Expectations

October 30: According to STAR Market Daily, Japanese memory chipmaker Kioxia reported results for the second quarter of fiscal 2026 (July to September), with revenue of ¥2.48 trillion, up 40.3% quarter over quarter, and operating profit of approximately ¥1.995 trillion, up 57.1% quarter over quarter, slightly above the market expectation of ¥1.95 trillion. Kioxia expects third-quarter operating profit of about ¥2 trillion, below the market expectation of ¥2.35 trillion, and announced an interim dividend of ¥90 per share. Bloomberg noted that surging demand for AI data storage drove Kioxia's profit growth.