Kioxia Holdings Reports Strong Revenue Growth in Q1, Up 15%

TOKYO, Jul 31 (Pulse News Wire) – Kioxia Holdings Corporation (285A.T) reported robust revenue growth of 15% year-over-year in the first quarter ended June 30, 2026, reaching ¥1048 billion. The increase was driven by strong demand for data center customers, particularly in AI applications, leading to higher average selling prices.

Operating profit improved significantly to ¥1035 billion compared to the same period last year, despite increased litigation loss provisions and stock-based compensation expenses. For the quarter, net income attributable to shareholders was ¥1020 billion, marking a substantial improvement from the previous year's figures. Additionally, excluding special items such as purchase accounting adjustments, stock-based compensation, and litigation losses, non-GAAP operating profit reached ¥1010 billion, up 10% year-over-year.

Kioxia also announced plans to implement a three-for-one share split effective October 1, 2026, which will take effect following approval at the July 31 board meeting. The company will hold an earnings briefing to further discuss these results and outlook on August 10, 2026. Kioxia Holdings Corporation (285A.T) will host an earnings briefing on August 10, 2026, to discuss the first-quarter results and future outlook.