Kioxia, a NAND flash manufacturer, reported revenue of JPY 2.480 trillion for the second quarter of fiscal 2026, covering July through September, according to a report cited by ChainCatcher from STAR Market Daily. Operating profit came in at JPY 1.995 trillion, up 57.1% from the previous quarter. The company also said net profit for the first nine months is expected to reach JPY 3.56 trillion, marking a 61.0% quarter-on-quarter increase.
For the third quarter, Kioxia forecast operating profit of JPY 2.00 trillion, below the market expectation of JPY 2.35 trillion. The company also plans to pay an interim dividend of JPY 90 per share. Kioxia said the revenue increase was mainly driven by strong demand from generative AI data center customers, which lifted average selling prices and increased bit shipments.
Kioxia, a NAND flash manufacturer, reported revenue of JPY 2.480 trillion in the second quarter of fiscal 2026, covering July to September, according to STAR Market Daily as cited by ChainCatcher. That was up 40.3% from the previous quarter. Operating profit reached JPY 1.995 trillion, up 57.1% quarter on quarter.
The company said net profit for the first nine months is expected to total JPY 3.56 trillion, up 61.0% from the previous quarter. Kioxia also forecast third-quarter operating profit of JPY 2.00 trillion, below the market expectation of JPY 2.35 trillion. It plans to pay an interim dividend of JPY 90 per share.
Kioxia said revenue growth was mainly supported by strong demand from generative AI data center customers, which drove a marked increase in average selling prices and higher bit shipments.
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