Kioxia Forecasts NAND Supply-Demand Tightness to Last Until 2027

iconKuCoinFlash
Share
AI summary iconSummary
Kioxia forecasts NAND supply constraints to persist until 2027, citing robust demand from AI-driven data centers. The company expects a net profit of 12.7 billion yen for Q3 2026, a 31-fold increase. On-chain data reveals that data center sales surged more than fivefold to 1.1747 trillion yen in Q2. NAND prices rose 70% in the previous quarter. Kioxia plans an 800-billion-yen stock buyback and a 5.5% share repurchase. Altcoins to watch may benefit from ongoing trends in storage demand.

Odaily Planet Daily report: Japanese storage chip manufacturer Kioxia Holdings announced that its net profit for the July–September 2026 quarter is expected to reach ¥1.27 trillion, representing a year-over-year increase of approximately 31 times. The company stated that demand for NAND flash memory continues to rise, driven by increased investment in AI data centers.

Kioxia also announced a share repurchase program of up to ¥800 billion (approximately $5.3 billion), aiming to repurchase up to 30 million shares, representing about 5.5% of outstanding shares; additionally, the company plans to implement a 3-for-1 stock split on October 1.

Company data shows that sales related to data centers increased more than fivefold year-over-year to JPY 1.1747 trillion in the April-June quarter. Due to strong demand for AI servers causing supply constraints in storage, Kioxia’s NAND product prices rose by approximately 70% in the previous quarter, and the company expects the supply-demand imbalance to persist until 2027. (Nikkei Asia)

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.