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Kioxia Shares Tumble After Outlook Suggests Demand Leveling Off

Bloomberg Technology Monday 02 November 2026, 00:26 UTC By Takashi Mochizuki 1 min read
Key Points

Asia Kioxia Shares Tumble After Outlook Suggests Demand Leveling Off Kioxia Holdings Corp.’s shares fell as much as 15% on Monday after the Japanese memory maker’s cautious outlook disappointed investors, flaring up concerns that the explosive growth driven by artificial intelligence may be leveling off. The Tokyo-based firm said Friday it expects operating profit of ¥2 trillion ($12.7 billion) for the December quarter, falling short of a consensus of analyst estimates at ¥2.35 trillion. The...

Asia Kioxia Shares Tumble After Outlook Suggests Demand Leveling Off Kioxia Holdings Corp.’s shares fell as much as 15% on Monday after the Japanese memory maker’s cautious outlook disappointed investors, flaring up concerns that the explosive growth driven by artificial intelligence may be leveling off. The Tokyo-based firm said Friday it expects operating profit of ¥2 trillion ($12.7 billion) for the December quarter, falling short of a consensus of analyst estimates at ¥2.35 trillion. The forecast suggests scant growth from the September quarter, when it recorded ¥1.99 trillion. Kioxia’s operating profit had been on a steeply increasing path for the past several quarters.
Kioxia Shares Tumble After Outlook Suggests Demand Leveling Off Asia Kioxia (ORG) Japanese (ORG) Tokyo (LOCATION) Kioxia (PERSON)
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