GlobeNewswire·Jul 29, 2026, 6:00 PM ET

Silicon Motion Announces Results for the Quarterly Period Ended June 30, 2026

Silicon Motion reported second quarter 2026 net sales of $451.0 million, representing a 32% sequential increase & a 127% year-over-year increase.
SSD controller sales grew 5% to 10% sequentially & 50% to 55% year-over-year.
eMMC & UFS controller sales rose 15% to 20% sequentially & 95% to 100% year-over-year.
Ferri & Boot Drive solutions sales surged 110% to 115% sequentially & 1,690% to 1,695% year-over-year.
GAAP gross margin reached 50.2% & operating margin was 22.4% for the quarter.
GAAP earnings per diluted ADS were $3.99, compared to $1.97 in the first quarter of 2026.
Non-GAAP earnings per diluted ADS were $2.43, up from $1.58 in the first quarter of 2026.
Management projects third quarter 2026 revenue between $519 million & $541 million.
Expected third quarter non-GAAP operating margin ranges from 27.5% to 28.5%.
The company expects to record its highest annual revenue in history, growing over 100% year-over-year.
Cash, cash equivalents & restricted cash totaled $181.8 million at the end of the second quarter.
Bank loans increased to $59.2 million during the quarter.
A fourth quarterly dividend installment of $0.50 per ADS is scheduled for payment on August 20, 2026.
Capital expenditures for the quarter were $7.7 million, including $5.8 million for routine purchases.