Lợi nhuận quý 1 của Kioxia vượt quá 1,3 nghìn tỷ yên, Morgan Stanley nâng dự báo

The Huoxing Finance report states that on August 3, JPMorgan released a report indicating that Japanese memory chip manufacturer Kioxia recorded record first-quarter performance, with sales reaching ¥1.7671 trillion, a 415% year-over-year increase and a 76% quarter-over-quarter increase; Non-GAAP operating profit reached ¥1.3262 trillion, up 2,833% year-over-year and 121% quarter-over-quarter, with operating margin rising to 75%. The report attributes Kioxia’s first-quarter performance primarily to price increases, with ASP rising approximately 70% quarter-over-quarter and bit shipments growing by low single digits quarter-over-quarter. By business segment, SSD and storage sales reached ¥1.1747 trillion, up 440% year-over-year and 96% quarter-over-quarter, accounting for 66% of total revenue; data center and enterprise business accounted for over 60% of this segment’s revenue. For the second quarter, Kioxia forecasts revenue of ¥2.39 trillion and Non-GAAP operating profit of ¥1.9 trillion, with operating margin expected to rise to 79.5%. The company anticipates a 35% quarter-over-quarter revenue growth, driven primarily by continued ASP increases, while demand from data centers and enterprises remains strong. JPMorgan believes that the upward trajectory of Kioxia’s enterprise SSD sales remains a key metric to monitor. The company also announced a share repurchase program of up to ¥800 billion, which is expected to support stock sentiment. JPMorgan maintains an “Overweight” rating on Kioxia with a target price of ¥155,000.