S&P upgrades Kioxia to BBB while Kioxia stock trades at EUR 76.09

Published on 10/21/2026 at 09:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kioxia earns a BBB rating with a positive outlook from S&P. Kioxia stock was at EUR 76.09 on October 21, 2026 before results due October 30.

Credit strength and earnings dates

S&P upgraded Kioxia to BBB with a positive outlook on October 13, 2026.
Revenue reached JPY 1.767 trillion in the first quarter of fiscal 2026.
Kioxia stock trades at EUR 76.09 at 9:07 a.m. CEST at Lang & Schwarz on October 21, 2026.
Second-quarter fiscal 2026 results are scheduled for October 30, 2026.

Kioxia, JP3236330001, Illustration mit AI erstellt.

Kioxia Holdings Corporation (ISIN JP3236330001) was trading at EUR 76.09 at Lang & Schwarz on October 21, 2026 at 9:07 a.m. CEST. The latest company catalyst is a credit upgrade to BBB, which Kioxia announced on October 13, 2026.

Kioxia said S&P Global Ratings raised its long-term issuer rating from BBB- to BBB and assigned a positive outlook. The company linked the action to strong profitability, demand for flash memory and solid-state drives, and a net cash position as of June 30, 2026.

Credit quality meets earnings power

S&P said on October 13, 2026 that Kioxia's earnings over the coming two years could exceed its previous assumptions. The agency expects earnings before interest, taxes, depreciation and amortization of JPY 7 trillion to JPY 8 trillion in fiscal 2026 and about JPY 9 trillion in fiscal 2027, while warning that memory prices, Chinese competition and data-center spending remain key risks.

The operating figures explain why the rating changed. In the quarter ended June 30, 2026, Kioxia reported revenue of JPY 1.767 trillion and net income of JPY 842.165 billion, according to Moat Explorer. Revenue was 415.5 percent higher than a year earlier, giving investors a sharp measure of the memory cycle's current strength.

What comes next for results

The chronology is clear. Kioxia reported JPY 1.767 trillion of revenue for the quarter ended June 30, 2026; it announced an investment plan with Sandisk exceeding USD 31 billion on August 27, 2026; and it announced the BBB upgrade on October 13, 2026. The rating release gives the latest event the greatest immediate relevance for the stock.

Kioxia's investor-relations calendar lists the next reporting date as October 30, 2026, when second-quarter fiscal 2026 results are scheduled for 6:45 p.m. JST. The date also gives the market a direct test of S&P's earnings assessment and the company's ability to sustain elevated memory profitability.

Stock trades before the next report

On TSE Prime, ticker 285A was last at JPY 13,510 on October 21, 2026 at 3:30 p.m. JST. Kioxia's market capitalization was JPY 22.2 trillion on that date, while its reported first-quarter operating income reached JPY 1.308 trillion. The contrast between a high current earnings base and the memory industry's cyclicality is the central issue for the October results.

The stock was trading at EUR 76.09 at Lang & Schwarz on October 21, 2026 at 9:07 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Kioxia stock.