On October 30, Japanese NAND flash memory manufacturer Kioxia announced the results for the third quarter of the 2026 calendar year. Based on this, Goldman Sachs analyzed its implications for coverage of South Korean storage giants SK Hynix and Samsung Electronics. Key findings include: 1) steady results for the third quarter of the 2026 calendar year; Kioxia's expectations for the fourth quarter of the 2026 calendar year are different from Samsung Electronics and SK Hynix; 2) the tight supply and demand situation for NAND flash memory is expected to continue until the 2027 calendar year, providing room for further price increases; 3) multi-year long-term supply agreements provide strong visibility for demand after 2027 to 2028.

Zhitongcaijing · 2d ago
On October 30, Japanese NAND flash memory manufacturer Kioxia announced the results for the third quarter of the 2026 calendar year. Based on this, Goldman Sachs analyzed its implications for coverage of South Korean storage giants SK Hynix and Samsung Electronics. Key findings include: 1) steady results for the third quarter of the 2026 calendar year; Kioxia's expectations for the fourth quarter of the 2026 calendar year are different from Samsung Electronics and SK Hynix; 2) the tight supply and demand situation for NAND flash memory is expected to continue until the 2027 calendar year, providing room for further price increases; 3) multi-year long-term supply agreements provide strong visibility for demand after 2027 to 2028.