Business · 2026-10-30 · Afternoon briefing
Kioxia forecasts 15-fold profit surge to $8.7bn for late 2026
Kioxia Holdings has projected a remarkable 15-fold year-on-year surge in its consolidated net profit, setting a target for the final quarter of 2026. In a statement released on Friday, the company specified that it anticipates earnings will reach 1.36 trillion yen, equivalent to $8.7 billion, during the three-month period from October to December of that year.
This projection was calculated using International Financial Reporting Standards. The forecast is exceptionally long-range, particularly for the semiconductor sector. By issuing such a specific profit target more than two years in advance, Kioxia is providing a degree of forward guidance rarely seen in an industry known for its cyclical volatility and extremely limited quarter-to-quarter visibility.
Summary written by Cup of News with AI from the sources below. Check the originals for the full story.
Read the sources
- Kioxia Holdings' April-Dec. Net Profit Projected to Surge 24-Fold
- Kioxia Warns Flash Memory Prices Stalling After Outlook Miss
- Why are memory stocks at half price despite 7x profits? | The truth behind Kioxia's surge
- Kioxia's 416% Year-to-Date Surge Meets a Mechanical Index Reweighting
- Kioxia Stock Surges 700% as AI Chip Demand Drives Profit Growth
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