Memory chip stocks fall after Kioxia reports profit and sales dip

KIOXIA Holdings

13/11/2025 14:22

** Shares of memory chip makers fall premarket, after flash-memory manufacturer Kioxia posts HY sales and profit decline

** Japan-based Kioxia reports a 13% fall in sales for six months ended September 30 to 791.15 bln yen ($5.25 bln) and a 66.5% decline in profit to 58.94 bln yen

** Shares of Seagate Technology  STX.O down ~4%, while Western Digital WDC.O dips more than 3%

** Sandisk SNDK.O, which has a JV with Kioxia Corp, a subsidiary of Kioxia Holdings, down ~6% at $266.8

** Up to last close, STX and WDC have more than tripled, while SNDK is up nearly eightfold since its return to Nasdaq in February this year

($1 = 150.7800 yen)

(Reporting by Arnav Mishra in Bengaluru)

((Arnav.Mishra@thomsonreuters.com;))