Kioxia guides below estimates, the first memory maker to do so this week

Kioxia forecast of about 2 trillion yen for its fiscal third quarter on Friday, against a market estimate of about 2.35 trillion yen. The second quarter came in at about 1.995 trillion yen on revenue of 2.48 trillion yen, up 40% from the quarter before, and the company set an interim dividend of 90 yen a share.

After SK hynix, Samsung and Sandisk all beat this week, Kioxia is the first to guide under the street. The profits are still enormous. The habit of beating and raising every quarter is what has stopped. SourcesB C

Sources

BTokyo Electron sees robust profit growth amid jitters over AI returns (Reuters, syndicated)1027wbow.com
CKioxia's Fiscal Q3 Profit Forecast Trails Estimates After Strong Q2 (TokenPost)tokenpost.com

This story ran in the Morning Brief of October 30th 2026.

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