Kioxia, the Japanese powerhouse in the memory industry, has unveiled its financial results for the third quarter, revealing a net profit of 87.81 billion yen. This figure fell notably short of the market's consensus estimate, which stood at 100.41 billion yen. Similarly, the company's net sales reached 543.63 billion yen, also undershooting the market's anticipated 557.86 billion yen. Nevertheless, this represented a substantial increase of 95.3 billion yen from the preceding quarter. The growth spurt was primarily fueled by a rise in average selling prices (ASPs), a boost in bit shipments, and favorable exchange rate movements.

Looking ahead, Kioxia has provided projections for its full-year performance (concluding on March 31, 2026). The company anticipates an operating profit ranging between 709.57 billion yen and 799.57 billion yen, a net profit between 453.76 billion yen and 513.76 billion yen, and net sales between 2.18 trillion yen and 2.27 trillion yen. All these projections surpass the market's current expectations.