$SNDK $MU $STX $WDC Memory chipmaker shares are under pressure after Japan’s Kioxia posted H1'25 revenue of ¥791B, down 13% YoY, with operating profit down 55% as higher NAND bit shipments could not offset weaker ASPs and a margin slide to 19% from 34%. Q2 revenue was ¥448B, bit shipments were up high 30s % QoQ, but ASP still ticked lower. Kioxia is guiding Q3 to record sales of ¥500–550B and higher profit, yet its 9 month outlook still has revenue 1% to 5% lower YoY and it passed on full year guidance, which is why the market read the print as underwhelming.