Jul. 31 at 10:07 AM
$KXHCF A single digit ruined the party
Kioxia put up massive numbers, revenue shot up over fourfold year-over-year, and operating profit blew past a trillion yen thanks to huge demand for NAND memory for AI infrastructure. The company paid off its debt completely and announced an 800 billion yen stock buyback.
And how did the market and analyst consensus (like Bloomberg) react?
Wall Street estimated operating profit at ~1.37 trillion yen.
Kioxia delivered ~1.27-1.32 trillion yen (depending on GAAP vs. non-GAAP accounting standards).
The result? "Below expectations, panic mode!"
Chill guys let them cook!