Kioxia Forecasts 15-Fold Profit Jump to $8.7 Billion on AI-Driven Memory Demand

Surging AI investment fuels robust demand for semiconductor memory

Data center demand is driving sharp growth in Kioxia memory sales, while rising chip prices lift its smartphone business.

Nikkei staff writers

October 30, 2026 20:41 JST

TOKYO — Kioxia Holdings announced Friday that it projects consolidated net profit to soar 15-fold year-over-year to 1.36 trillion yen ($8.7 billion) for the October-December quarter of 2026, under International Financial Reporting Standards.

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