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Kioxia Reports 57.1% Quarter-on-Quarter Increase in Operating Profit for Q2

On October 30, Kioxia announced that for the second quarter of fiscal year 2026 (July to September), it achieved revenue of 2.480 trillion yen, a quarter-on-quarter increase of 40.3%; operating profit reached 1.995 trillion yen, up 57.1% from the previous quarter. Kioxia expects a net profit of 3.56 trillion yen for the first nine months, reflecting a quarter-on-quarter increase of 61.0%. The company anticipates an operating profit of 2.00 trillion yen for the third quarter, while market expectations are set at 2.35 trillion yen. Kioxia will distribute an interim dividend of 90 yen per share. The company stated that the revenue growth is primarily driven by strong demand from generative AI data center customers, leading to a significant increase in average selling prices and a rise in bit shipments.

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