Kioxia shares surge in buy orders after record profit forecast blows past estimates
Kioxia Holdings has reported a significant increase in its projected net profit, forecasting ¥869 billion for the April to June 2026 quarter. This figure far exceeds the market consensus of ¥405.6 billion, driven primarily by high demand from AI data centers. The company's revenues are also expected to reach ¥1.75 trillion, highlighting a remarkable growth trajectory in the semiconductor industry.
- ▪Kioxia's projected net profit of ¥869 billion represents a 48x increase year over year.
- ▪The company's revenue forecast for the same quarter is ¥1.75 trillion.
- ▪The surge in profit is attributed to the growing demand for AI technology.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/17211450/kioxia-preps-us-listing-after-riding-ai-boom-to-big-profit-1-800x420.jpeg" alt="Kioxia shares surge in buy orders after record profit forecast blows past estimates" class="w-full aspect-[19/10] object-cover" /> Kioxia shares surge in buy orders after record profit forecast blows past estimates The Japanese NAND flash memory maker's projected net profit of ¥869 billion dwarfs the market consensus of ¥405.6 billion, powered by insatiable AI data center demand. Share Add us on Google by Editorial Team May. 17, 2026 Kioxia Holdings, Japan’s largest NAND flash memory producer, saw its shares flooded with buy orders after the company posted a profit forecast that didn’t just beat expectations.
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