Kioxia's quarterly results and guidance missed expectations, signaling the AI-driven surge in NAND prices may be slowing. The company forecast H1 operating profit of ¥3.16 trillion (~$19.7bn), implying current-quarter profit will be below a ¥1.89 tri

2026-07-31

Kioxia's quarterly results and guidance missed expectations, signaling the AI-driven surge in NAND prices may be slowing. The company forecast H1 operating profit of ¥3.16 trillion (~$19.7bn), implying current-quarter profit will be below a ¥1.89 trillion projection; June-quarter operating profit was ¥1.27 trillion, short of analysts' estimates. Kioxia announced a 3-for-1 stock split and a buyback program up to ¥800 billion to broaden its shareholder base and reduce volatility. It plans to raise capacity slightly above industry growth to avoid oversupply but warned that if Samsung and SK Hynix reallocate capex from DRAM to NAND, Kioxia could face market-share erosion.