Company Reports

Kioxia's June-quarter revenue and operating margin grew 76% and 1236 basis points sequentially to JPY 1.8 trillion and 72%. Management guided JPY 450 billion in capital expenditures for fiscal 2026, and average annual capex of JPY 470 billion between fiscal 2026 and 2028.

Kioxia is the third-largest NAND memory semiconductor manufacturer globally, with a 14% shipment share as of 2024. NAND memory chips are the primary form of data storage in various electronic devices and are increasingly being adopted in electronic infrastructure.

Kioxia is the third-largest NAND memory semiconductor manufacturer globally, with a 14% shipment share as of 2024. NAND memory chips are the primary form of data storage in various electronic devices and are increasingly being adopted in electronic infrastructure.

Kioxia's investor day set out new goals for the company, including its outlook on supply/demand, an update on long-term agreements with customers, and upcoming shareholder returns. Shares closed 7% higher.

Kioxia's March-quarter revenue and operating margins rose 83% and 3,400 basis points sequentially, respectively. June-quarter guidance was strong, with revenue and operating margins up 75% and 1,460 basis points quarter on quarter.

Kioxia is the third-largest NAND memory semiconductor manufacturer globally, with a 14% shipment share as of 2024. NAND memory chips are the primary form of data storage in various electronic devices and are increasingly being adopted in electronic infrastructure.

We are revising our estimates following our meeting with Kioxia's management after the company's fourth-quarter 2025 earnings.

Kioxia is the third-largest NAND memory semiconductor manufacturer globally, with a 14% shipment share as of 2024. NAND memory chips are the primary form of data storage in various electronic devices and are increasingly being adopted in electronic infrastructure.

Kioxia's December-quarter revenue and operating margin of JPY 544 billion and 26% were up 21% and 700 basis points sequentially, respectively. Shares closed 12.4% up after the company's earnings call.

Kioxia is the third-largest NAND memory semiconductor manufacturer globally, with a 14% shipment share as of 2024. NAND memory chips are the primary form of data storage in various electronic devices and are increasingly being adopted in electronic infrastructure.

We initiate coverage of Kioxia, a Japanese semiconductor manufacturer that focuses on producing NAND memory chips for electronic devices and data storage infrastructure. Kioxia is the third-largest NAND chip manufacturer globally, with a 14% volume share as of 2024.

Kioxia is the third-largest NAND memory semiconductor manufacturer globally, with a 14% shipment share as of 2024. NAND memory chips are the primary form of data storage in various electronic devices and are increasingly being adopted in electronic infrastructure.