AI Business
1d ago
Kioxia Holdings Reports Record Profit and Strong Outlook, Shares in High Demand
May 18, 2026
AI Summary
Kioxia Holdings Corp. has reported a significant increase in profits, projecting an operating profit of ¥1.3 trillion ($8.2 billion) for the upcoming quarter. This forecast exceeds previous records and positions Kioxia as one of Japan's most profitable companies, attracting a surge of buy orders for its shares.
- Kioxia Holdings Corp. is a supplier of storage solutions for AI data centers.
- The company reported an expected operating profit of ¥1.3 trillion ($8.2 billion) for the June quarter.
- This forecast surpasses the record profit Kioxia achieved for the full year ending in March.
- Kioxia's quarterly profit exceeded that of Toyota Motor Corp., highlighting its strong market position.
- Following the profit announcement, Kioxia shares experienced a high volume of buy orders and were untraded in the morning session.
kioxiaai profitdata centersbuy ordersstock market