Shares of memory chip maker Kioxia (KXIAY) jumped about 12% on the Tokyo Stock Exchange on Thursday after the company reported its fiscal third quarter results.
The Japanese company said revenue grew about 21.2% year-over-year to 543.6B yen, mainly due to an increase in average selling prices, or ASPs, bit shipment, and the effects of exchange rates.
For the quarter ended Dec. 31, 2025, the SSD & Storage segment’s revenue jumped about 23% year-over-year to 300.4B yen, while Smart Device revenue climbed around 18% year-over-year to 186.3B yen.
Non-GAAP profit attributable to owners of the parent soared nearly 115% year-over-year to 89.5B yen.
Outlook
“Both revenue and profit for the fourth quarter are expected to increase from the third quarter of the consolidated fiscal year ending March 2026 due to strong demand from data centers and the resulting significant increase in selling prices across all applications,” said Kioxia in a regulatory filing on Tuesday.
The company expects fiscal fourth quarter revenue between 845B yen and 935B yen (midpoint at $890B yen), an increase of +55.4% to +72% versus the prior quarter.
Kioxia expects fiscal fourth quarter non-GAAP profit attributable to owners of the parent to be in the range of 310B yen to 370B yen (midpoint at 340B yen), growing +249.6% to +317.9% versus the fiscal third quarter.
Meanwhile, shares of other memory product-making companies like Sandisk (SNDK) and Western Digital (WDC) jumped about 7% each, while Seagate Technology (STX) surged nearly 10% on Thursday.
South Korean companies Samsung Electronics (SSNLF) and SK hynix (HXSC.F), which makes high-bandwidth memory, or HBM, chips for Nvidia’s (NVDA) AI accelerators, also saw their stock surge on the Korea Stock Exchange. Shares of American company Micron Technology (MU), which also competes with the two Korean companies in this space, rose about 3% on Thursday.
Stocks of semiconductor companies were mixed on Thursday. Analog Devices (ADI) and GlobalFoundries (GFS) rose about 1% each, while Texas Instruments (TXN) and Taiwan Semiconductor Manufacturing (TSM) were also in the green. Lattice Semiconductor (LSCC) and Marvell Technology (MRVL) each fell nearly 2%, while Intel (INTC) dipped about 1%.
AI chipmaker Nvidia (NVDA) rose about 1%, while Advanced Micro Devices (AMD) dipped nearly 1%. Broadcom (AVGO) fell around 2%, while Qualcomm (QCOM) dipped nearly 1%.
Chip equipment makers: Lam Research (LRCX) rose about 1%, while Applied Materials (AMAT) fell nearly 2%. KLA (KLAC) and ASML (ASML) were largely flat but in the red.