Kioxia $258A.T earnings:
Consolidated Financial Performance (Q1 FY2027)Driven by robust demand centered on generative AI applications and strong average selling prices, the company achieved significant year-over-year growth: > Net Sales: 1,767,117 million yen (an increase of 415.5% or +1,424.3 billion yen compared to Q1 FY2026). > Operating Profit: 1,270,017 million yen (compared to 44,899 million yen in Q1 FY2026). > Non-GAAP Operating Profit: 1,326,216 million yen. Profit Before Tax: 1,234,720 million yen. > Quarterly Profit Attributable to Owners of the Parent: 842,165 million yen (a massive surge from 18,284 million yen in the same period last year).Sales Breakdown by Application> SSD & Storage: 1,174,719 million yen (up from 217,411 million yen in Q1 FY2026). > Smart Devices: 525,656 million yen (up from 79,040 million yen in Q1 FY2026). > Other: 66,742 million yen (up from 46,348 million yen in Q1 FY2026).Stock Split Resolution: The Board of Directors resolved on July 31, 2026, to execute a 3-for-1 stock split of common stock, with an effective date of October 1, 2026. Q2 FY2027 Outlook: Anticipating continued strong demand from data centers, Kioxia projects further sequential growth for Q2 (July 1 to September 30, 2026), forecasting net sales of 2,390,000 million yen and an operating profit of 1,890,000 million yen.The copyright of this article belongs to the original author/organization.
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