Kioxia Holdings reported a net profit of 842.2 billion yen for the quarter ending June 30, 2026. This result represents a significant increase from the 18.3 billion yen recorded in the prior year. Revenue for the period more than quadrupled to 1.77 trillion yen.
Surging demand from AI-focused data centers drove the performance for the Japanese chipmaker. Higher average selling prices and increased shipment volumes for NAND flash memory fueled the growth. Operating profit reached 1.27 trillion yen, though this figure and future forecasts slightly missed market estimates.
Kioxia announced a JPY 800 billion share buyback program to improve shareholder returns. The company also approved a 3-for-1 stock split. Kioxia remains a primary manufacturing partner for Western Digital.