半导体・存储：铠侠 2025 财年第四季度解读；强劲的隐含平均售价指引支撑我们对行业的积极展望-APAC Tech_ Semiconductors Memory_ Kioxia CY4Q25 read-across; strong implied ASP guidance supports our positive outlook for
2026-02-13 02:18
12 February 2026 | 11:41PM KST Equity Research APAC Tech: Semiconductors Memory: Kioxia CY4Q25 read-across; strong implied ASP guidance supports our positive outlook for On February 12, Japanese NAND producer Kioxia (covered by Shuhei Nakamura) reported its CY4Q25 (FY3Q25 or December quarter) earnings, and we provide read-across to our covered Korean memory suppliers, SK Hynix (Hynix, Buy) and Samsung Electronics (SEC, Buy). Key takeaways include: 1) Strong implied guidance on CY1Q26 ASP growth, 2) Unchange ...