TSE · Japan · Semiconductors

285A.T Kioxia

NAND flash and enterprise SSDs

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)

AI Storage (Enterprise SSD & HDD) · 72

Last close (delayed) · 2026-10-30

¥13,470

−7.14% today

+5.6%

−25.6%

−9.3%

YTD

+287.2%

+516.0%

Off 52w high

−62.8%

Next earnings (est.): 2026-10-30

Market cap¥21.52T≈ $137B

P/E (trailing)17.4Forward —

EV / sales5.9×EV/EBITDA 9.4×

Revenue (TTM)¥3.76TGrowth 415.5% y/y

Margins61.7%gross · op 71.9%

Free cash flow¥858BCash ¥796B · debt ¥838B

Analyst target¥36,233+169.0% upside · 16 analysts · buy

Riskβ —Short — of float

Fundamentals from public market data, refreshed daily (2026-10-30 21:21 UTC). Figures in reporting currency.

285A.T · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

6 events

6

2026-10-29EarningsMiss / cut

Reported EPS 836.03 vs 1192.56 expected (-29.9% surprise).
5

2026-07-31EarningsMiss / cut

Reported EPS 513.3 vs 590.1 expected (-13.0% surprise).
4

2026-05-14EarningsBeat / raise

Reported EPS 250.8 vs 227.82 expected (+10.1% surprise).
3

2026-02-11EarningsMiss / cut

Reported EPS 54.14 vs 58.93 expected (-8.1% surprise).
2

2025-11-13EarningsMiss / cut

Reported EPS 25.12 vs 31.28 expected (-19.7% surprise).
1

2025-08-07EarningsBeat / raise

Reported EPS 11.3 vs 5.32 expected (+112.4% surprise).

Latest headlines

Auto-updated daily

Earnings history

EPS vs expectations

Date	Expected EPS	Reported EPS	Surprise
2026-10-29	1192.56	836.03	−29.9%
2026-07-31	590.1	513.3	−13.0%
2026-05-14	227.82	250.8	+10.1%
2026-02-11	58.93	54.14	−8.1%
2025-11-13	31.28	25.12	−19.7%
2025-08-07	5.32	11.3	+112.4%

About Kioxia

Website ↗

Kioxia Holdings Corporation engages in research, development, manufacturing, sales, and other services of memory and related products for solid state drives (SSDs) and storage and smart devices in Japan, North America, Europe, and Asia. The company offers flash memory, SSDs, SD memory cards, and other retail products. It is also involved in the product and software development of SSD products; marketing of memory and SSD products; production management of subcontracted production in the post-process of memory; production and distribution of memory and photomask for semiconductor products; energy management business; and entrusted engineering work of CIM developments, as well as provides cleaning and health keeping for development center, and customer support services. The company was formerly known as Toshiba Memory Holdings Corporation and changed its name to Kioxia Holdings Corporation…

Minato, Japan

AI Storage (Enterprise SSD & HDD)

AI training data and inference logs need exabytes of storage. Two companies make nearly all hard drives and a few make NAND, so supply is slow to follow demand.

NAND / platters→Drive→Storage server→Cluster

What would prove us wrong. Weakens if NAND and HDD makers add capacity faster than AI storage demand grows.

Peers at the same bottleneck

Who else supplies this

Stock	Role	Last	1D	1M	YTD
SNDK SanDisk	NAND flash and enterprise SSDs	$1,150.9	−13.47%	−35.6%	+384.8%
WDC Western Digital	Hard drives for AI data storage	$366.1	−7.41%	−20.9%	+112.8%
STX Seagate Technology	Hard drives (HAMR) for AI data storage	$644.6	−7.98%	−31.8%	+134.8%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.