The chipmaker's outlook suggests the unprecedented price spikes of the past year or so are starting to level off.
Kioxia Holdings delivered a profit outlook that trailed estimates, warning that an AI-fueled surge in flash memory chip prices was fading after several quarters of breakneck growth. The Tokyo-based rival to Samsung Electronics, SK Hynix and Micron Technology said it expects an operating profit of ¥2 trillion ($12.7 billion) in the current quarter, falling well short of estimates for ¥2.35 trillion and suggesting nearly flat quarter-on-quarter price rises. That’s after the company’s average selling price of NAND flash memory rose a mid-20% in the three months to September, compared with 70% in the prior quarter, it said.
Shares of Kioxia fell 11% Friday on Tradegate after the results.
Extract — continue reading at the source.
Related stories
EU Commission: Polish Parliament has right to appoint judges to the Constitutional Court
Democrats are used to heartbreak in Texas - could Talarico turn the tide?
Latest news bulletin | November 1st, 2026 – Morning
CAS clears way for Russia to compete at ice hockey world championships
Bulgarians vote in a presidential runoff marked by regional security threats
‘Like Kashmir’: How a toxic marble dump yard became a tourist spot in India