TOKYO โ€” Kioxia Holdings announced on Friday, July 31, 2026, that it expects a 31-fold increase in its quarterly net profit. This surge is attributed to robust demand for NAND flash memory, the company's core product, fueled by the expansion of artificial intelligence data centers, particularly by U.S. tech companies increasing their data center capacity.

Despite this optimistic profit forecast, Kioxia's share price has fallen amid market concerns that major technology firms may be overinvesting in infrastructure. Additionally, the company's July-September outlook did not meet some analyst estimates.

The strong demand for NAND flash memory highlights the critical role of semiconductor suppliers like Kioxia in supporting the growing needs of AI-driven technologies.

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