Kioxia forecasts $11.78 billion Q2 operating profit
31/07/2026 07:56
Kioxia forecasts $11.78 billion Q2 operating profit TOKYO, July 31 (Reuters) - Kioxia 285A.T said on Friday it expects to report operating profit of 1.89 trillion yen ($11.78 billion) in the July-September quarter as AI investment boosts demand for its memory chips.
That compares with an average estimate of 1.95 trillion yen from eight analysts surveyed by LSEG.
Kioxia reported operating profit of 1.27 trillion yen in the April-June quarter
Kioxia said it would spend up to 800 billion yen buying back up to 30 million shares
Kioxia said it will conduct a three-for-one stock split effective October 1
($1 = 160.4200 yen)
(Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)
((sam.nussey@tr.com;))
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