Kioxia Holdinds Corp.: Fiscal 3Q20 Financial Results
Revenue grew 25% Y/Y for NAND flash
By Jean Jacques Maleval | March 4, 2021 at 2:18 pm| (in ¥ billion) | 2Q20 | 3Q20 |
| Revenue | 329.1 | 287.2 |
| Growth | -13% | |
| Net income (loss) | 8.0 | (13.2) |
1. Bit basis
2. Excluding third party NAND used in Solid State Storage Technology Corporation’s SSDs
On Y/Y basis, revenue for NAND flash grew 25% in line with the overall market.
While smartphone-related shipments decreased from firm’s highest levels and enterprise demand was weak, solid growth in gaming devices, PCs and data centers resulted in modest positive bit growth in this quarter.
ASP continued to decline since the last quarter driven by supply/demand imbalance in the NAND flash memory market
Industry/Market Trends and Outlook
Current supply/demand imbalance in the NAND flash memory market is primarily caused by the Covid-19 and China-US trade friction. However, general consensus is that NAND market will stabilize towards the second half of CY21 as demand for datacenter SSDs, client SSDs and smartphones is expected to remain strong and demand for enterprise SSD is expected to recover steadily.
In the longer term horizon, Kioxia said that industry experts remain confident in the NAND market growth potential and the underlying demand drivers.
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