Kioxia Profit Outlook Points to Strong NAND Cycle

The Electronics Weekly feed item says Kioxia forecast profit of about $7.91 billion for the next quarter and plans to repurchase 5.5% of its shares. It also says the buyback would cost about $5 billion. The excerpt is brief and does not give unit shipments or pricing by product line, but Kioxia is a major NAND and SSD supplier, so the profit outlook is relevant to RamTrend as a financial signal from the storage supply chain.