Driven by AI demand, Kioxia’s Q3 revenue rose 30.8% quarter-on-quarter, but net profit fell over 60% year-on-year; profit guidance below expectations | Earnings Report Insights
On November 13, Kioxia, the main storage supplier for Apple’s iPhone, released its financial report for Q2 of fiscal year 2025. The report showed that, driven by AI demand, the company achieved revenue of 448.3 billion yen, a quarter-on-quarter increase of 30.8%, but a year-on-year decline of