Memory maker Kioxia sees $8.2 billion Q1 profit on AI boom

Kioxia expects operating profit of 1.3 trillion yen for the April-June quarter, driven by surging chip demand tied to the artificial intelligence boom. The forecast signals a strong earnings outlook for the memory chipmaker and underscores improving fundamentals in AI-related semiconductors. The news is likely supportive for Kioxia shares and sentiment across the memory chip sector.

Analysis

Kioxia expects operating profit of 1.3 trillion yen for the April-June quarter, driven by surging chip demand tied to the artificial intelligence boom. The forecast signals a strong earnings outlook for the memory chipmaker and underscores improving fundamentals in AI-related semiconductors. The news is likely supportive for Kioxia shares and sentiment across the memory chip sector.