PANews
PANews|Oct 30, 2026 10:39
[Kioxia's Q2 Operating Profit Nears 2 Trillion Yen, Q3 Guidance Falls Short of Expectations] According to the Science and Technology Innovation Board Daily, Japanese memory chip manufacturer Kioxia announced its Q2 2026 (July to September) results, with revenue of 2.48 trillion yen, a 40.3% increase quarter-over-quarter; operating profit was approximately 1.995 trillion yen, a 57.1% increase quarter-over-quarter, slightly higher than the market expectation of 1.95 trillion yen. Kioxia expects Q3 operating profit to be approximately 2 trillion yen, lower than the market expectation of 2.35 trillion yen, and announced an interim dividend of 90 yen per share. Bloomberg pointed out that the surge in demand for AI data storage drove Kioxia's profit growth.
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