Key facts
- Kioxia expects net profit to reach 1.36 trillion yen ($8.7 billion) in the October-December quarter.
- The projected profit represents a 15-fold increase year-on-year.
- Robust demand for semiconductor memory, driven by AI and data centers, is fueling growth.
- Rising chip prices are also benefiting Kioxia's smartphone business.
Kioxia Holdings announced on Friday that it anticipates a significant year-on-year surge in its net profit for the October-December quarter of 2026. The company projects its consolidated net profit to reach 1.36 trillion yen ($8.7 billion), a fifteen-fold increase. This growth is attributed to strong demand for semiconductor memory, fueled by investments in artificial intelligence and data centers, as well as rising chip prices that are benefiting its smartphone segment.