Add as a preferred source on GoogleKioxia’s Fiscal Q3 Profit Forecast Trails Estimates After Strong Q2
Operating profit rose 57.1% sequentially in July through September to about 1.995 trillion yen. The next-quarter forecast is about 15% below the market estimate.
Kioxia set its fiscal third-quarter operating profit forecast at about 2 trillion yen, roughly 15% below the 2.35 trillion yen market estimate, after revenue and operating profit climbed in the previous quarter. The forecast is close to the company’s second-quarter operating profit of about 1.995 trillion yen.
For July through September, Kioxia’s fiscal second quarter, revenue rose 40.3% from the previous quarter to 2.48 trillion yen. Operating profit increased 57.1% sequentially and was slightly above the 1.95 trillion yen market estimate.
The third-quarter forecast is 350 billion yen below the market estimate. Kioxia also announced an interim dividend of 90 yen per share.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.