ME News reported on October 30 (UTC+8), citing the Science and Technology Innovation Board Daily, that NAND flash memory manufacturer Kioxia recorded revenue of 2.480 trillion yen in the second quarter of fiscal 2026 (July to September), up 40.3% quarter over quarter, and operating profit of 1.995 trillion yen, up 57.1%. Kioxia expects net profit for the first nine months to reach 3.56 trillion yen, up 61.0% quarter over quarter. Kioxia forecasts third-quarter operating profit of 2.00 trillion yen, compared with market expectations of 2.35 trillion yen. The company will pay an interim dividend of 90 yen per share. The company said revenue growth was mainly driven by strong demand from generative AI data center customers, which led to a significant increase in average selling prices and higher bit shipments. (Source: ME)