Kioxia stock faces slower growth after record quarter
Published on 11/06/2026 at 09:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRecord profits meet a flatter outlook
- Second-quarter revenue reached 2.48 trillion yen, up 453.2 percent year on year.
- Operating profit climbed 2,222 percent to 1.9947 trillion yen, producing an 80.4 percent margin.
- Kioxia expects data-center demand to remain strong, while foreign-exchange pressure limits near-term growth.
Kioxia reported record results for the July-September quarter on October 30, but its next-quarter forecast points to a much flatter earnings path. The figures and outlook were reported by The Elec on November 2.
Kioxia's revenue reached 2.48 trillion yen in the second quarter of fiscal 2026, covering July through September. Revenue rose 453.2 percent from a year earlier and 40.3 percent from the previous quarter. The quarter's revenue also exceeded the company's full fiscal 2025 revenue of 2.3376 trillion yen.
AI demand drives record profitability
Operating profit surged 2,222 percent year on year to 1.9947 trillion yen. The operating margin reached 80.4 percent, an increase of 61.2 percentage points from a year earlier and 8.5 percentage points from the previous quarter. The improvement followed higher NAND average selling prices and stronger bit shipments.
The SSD and storage segment was the main contributor. Revenue there rose 560.8 percent to 1.616 trillion yen, with data-center and enterprise products accounting for more than 60 percent of segment revenue. Smart-devices revenue increased 401.5 percent to 788.9 billion yen.
Management expects demand for NAND memory to keep expanding as artificial-intelligence applications, key-value caching and AI-generated data increase storage requirements. Kioxia also expects greater adoption of high-capacity QLC solid-state drives in data centers. Demand from smartphones and PCs is expected to be comparatively weaker.
December outlook limits momentum
For the October-December quarter, Kioxia forecasts revenue of 2.5 trillion yen and operating profit of 2 trillion yen, broadly unchanged from the September quarter. The company attributed the slower sequential improvement to foreign-exchange pressure from a stronger yen and expects currency movements to reduce results by about 55 billion yen.
The medium- to long-term capacity picture remains supportive. Kioxia said its full production capacity for calendar 2027 has been allocated, while more than half of projected 2028 shipments have been reserved under multiyear agreements. It also plans to expand the Yokkaichi and Kitakami plants and is preparing a third Kitakami site targeted to begin operations in fiscal 2029.
Kioxia stock traded at 49.56 euros on Lang & Schwarz at 09:43 CET on Friday, November 6, 2026. For the real-time quote of Kioxia stock, investors should distinguish the live euro quotation from the company's yen-based financial reporting.
Kioxia Holdings Corp.
- Company: Kioxia Holdings Corp.
- ISIN: JP3236330001
- WKN: A2QB8W
- Ticker: KI5
- Lang & Schwarz quote: 49.56 euros at 09:43:52 CET on November 6, 2026
Asian semiconductor shares remain sensitive to NAND pricing, currency movements and expectations for artificial-intelligence infrastructure spending; the Nikkei 225 market environment provides the broader regional backdrop.
