Kioxia Holdings Corporation Unsponsored ADR (KXIAY) AI Stock Analysis

Kioxia Holdings Corporation Unsponsored ADR

(Other OTC:KXIAY)

Select Model

Rating:64Neutral

Price Target:$9.00▲(30.25% Upside)

Action:initiatedcoverage

Date:11/02/26

The score is supported primarily by improved financial performance (strong margin recovery and positive free cash flow) and a reasonable valuation (P/E ~12.25). These positives are tempered by weak technicals (price below key moving averages and negative MACD), plus ongoing cyclicality, meaningful absolute debt, and only moderate cash conversion versus earnings.

Positive Factors

Revenue and Profit RecoveryThe sharp recovery in revenue and profitability shows that Kioxia can benefit materially when memory demand and pricing improve. Stronger scale and margins support internal reinvestment, strengthen operating resilience, and provide a more substantial earnings base over the next several quarters.

Negative Factors

Highly Cyclical EarningsThe move from a deeply negative result to strong profitability demonstrates that earnings remain highly sensitive to memory-market conditions. Such volatility makes current margins less durable, complicates planning, and increases the risk that profitability could reverse during a future down cycle.

Kioxia Holdings Corporation Unsponsored ADR (KXIAY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $123.21B
Dividend Yield: ―
Average Volume (3M): 4.72M
Price to Earnings (P/E): 12.2
Beta (1Y): 1.94
Revenue Growth: 243.74%
EPS Growth: 3178.87%
Country: US
Employees: 15,218
Sector: General
Sector Strength: 55
Industry: Semiconductors

Kioxia Holdings Corporation Unsponsored ADR Business Overview & Revenue Model

Company Description

Kioxia Holdings Corporation engages in research, development, manufacturing, sales, and other services of memory and related products for solid state drives (SSDs) and storage and smart devices in Japan, North America, Europe, and Asia. The company o...

Kioxia Holdings Corporation Unsponsored ADR Financial Statement Overview

Summary

Financials reflect a strong cyclical rebound: revenue and profitability improved sharply (net margin ~24% in 2026) and free cash flow turned solidly positive. Offsetting this strength, results have been highly volatile (loss in 2024 to strong profits by 2026), leverage remains meaningful despite improvement (debt-to-equity ~0.90 in 2026), and cash conversion is moderate (FCF ~54% of net income in 2026).

Income Statement

78Positive

Balance Sheet

66Positive

Cash Flow

62Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024
Income Statement
Total Revenue	3.76T	2.34T	1.71T	1.08T
Gross Profit	2.32T	1.01T	569.43B	-129.34B
EBITDA	2.51T	1.19T	768.30B	95.48B
Net Income	1.38T	554.49B	272.31B	-243.73B
Balance Sheet
Total Assets	4.73T	3.69T	2.92T	1.87T
Cash, Cash Equivalents and Short-Term Investments	795.76B	477.90B	171.90B	473.00M
Total Debt	837.83B	1.25T	999.52B	700.42B
Total Liabilities	2.33T	2.29T	2.18T	718.07B
Stockholders Equity	2.40T	1.40T	737.57B	1.15T
Cash Flow
Free Cash Flow	1.14T	332.87B	250.81B	-109.99B
Operating Cash Flow	1.42T	616.54B	476.42B	195.11B
Investing Cash Flow	-304.71B	-221.51B	-173.01B	-274.85B
Financing Cash Flow	-509.16B	-96.07B	-322.68B	3.24B

Kioxia Holdings Corporation Unsponsored ADR Technical Analysis

Technical Analysis SentimentNegative

Last Price6.91

Price Trends

50DMA10.51Negative

100DMA12.26Negative

200DMA9.51Negative

Market Momentum

MACD-0.67Negative

RSI41.29Neutral

STOCH78.31Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KXIAY, the sentiment is Negative. The current price of 6.91 is below the 20-day moving average (MA) of 9.32, below the 50-day MA of 10.51, and below the 200-day MA of 9.51, indicating a bearish trend. The MACD of -0.67 indicates Negative momentum. The RSI at 41.29 is Neutral, neither overbought nor oversold. The STOCH value of 78.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KXIAY.

Kioxia Holdings Corporation Unsponsored ADR Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

KXIAY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IBM	79Outperform	$243.66B	21.66	32.95%	2.61%	6.83%	39.80%
SNDK	75Outperform	$166.34B	8.69	134.27%	―	272.38%	―
FORM	73Outperform	$6.84B	39.43	15.83%	―	29.08%	320.89%
MTSI	72Outperform	$17.90B	73.25	17.09%	―	28.36%	―
KXIAY	64Neutral	$140.47B	12.25	98.44%	―	243.74%	3178.87%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
Q	52Neutral	$24.41B	41.67	7.64%	0.26%	14.83%	-26.14%

* General Sector Average

Performance Comparison

KXIAY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
KXIAY	Kioxia Holdings Corporation Unsponsored ADR	8.55	6.22	265.83%
FORM	Formfactor	87.53	35.81	69.24%
IBM	International Business Machines Corporation	257.81	-35.42	-12.08%
MTSI	Macom Technology Solutions	234.39	90.26	62.62%
SNDK	SanDisk Corp	1150.89	956.32	491.50%
Q	Qnity Electronics, Inc.	116.67	16.02	15.92%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 02, 2026

Kioxia Holdings Corporation Unsponsored ADR AI Stock Analysis