Kioxia Forecasts 15% Q4 Revenue Gain, Memory Stocks Rally Over 4%
Kioxia projected fourth-quarter NAND revenue to climb about 15% sequentially to ¥1.0 trillion with an operating margin north of 28%, sparking a 4% advance in the semiconductor memory index. Micron shares rose roughly 3.5% on the improved outlook for chip pricing and tighter supply conditions.
1. Kioxia Q4 Outlook Details
Kioxia released a fourth-quarter forecast calling for NAND flash revenue of roughly ¥1.0 trillion, a 15% sequential increase, and an operating margin exceeding 28%. The guidance implies stronger chip pricing and demand recovery as data center and mobile customers restock inventories.
2. Memory Sector Reaction
The semiconductor memory index jumped over 4% on the forecasts, marking the highest two-day gain since last summer. Investors are betting on a broader trough-to-peak cycle in chip pricing that could extend through mid-2026.
3. Impact on Micron Technology
Shares of Micron climbed about 3.5% following Kioxia’s outlook, with traders anticipating similar margin improvements and supply discipline from major DRAM and NAND suppliers. Analysts note that Micron’s capital spending cuts and cost controls could amplify profitability in the current upturn cycle.