Quarterly ResultJul 29, 2026, 06:02 PM
Silicon Motion Q2 Net Sales $451M (+127% Y/Y); EPS $3.99
AI Summary
Silicon Motion Technology Corporation announced strong financial results for the second quarter of 2026, with net sales increasing 32% sequentially to $451.0 million and GAAP diluted EPS rising to $3.99. The company saw exceptional growth across its SSD, eMMC+UFS, and Ferri & Boot Drive solutions. Management provided an optimistic outlook for Q3 2026, projecting continued strong top-line growth with revenue expected between $519 million and $541 million, driven by its diversified product portfolio and expansion into AI infrastructure.
Key Highlights
- Net sales for Q2 2026 reached $451.0 million, up 32% Q/Q and 127% Y/Y.
- GAAP diluted EPS for Q2 2026 was $3.99, compared to $1.97 in Q1 2026.
- Gross margin for Q2 2026 was 50.2%, up from 47.1% in Q1 2026.
- Operating margin for Q2 2026 was 22.4%, up from 15.3% in Q1 2026.
- Q3 2026 revenue guidance is $519 million to $541 million, up 15-20% Q/Q.
- Q3 2026 GAAP gross margin is projected between 49.9% and 50.9%.
- Paid $16.9 million as the third installment of the annual cash dividend ($0.50 per ADS).
Price Impact
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