Quarterly ResultApr 28, 2026, 06:01 PM
SIMO Q1 2026 Net Sales $342.1M (+105% Y/Y); EPS $1.97
AI Summary
Silicon Motion Technology Corporation reported strong financial results for the first quarter of 2026, with net sales increasing 105% year-over-year to $342.1 million, exceeding expectations. GAAP diluted earnings per ADS rose to $1.97. The growth was primarily driven by significant increases in embedded eMMC & UFS controller sales and Ferri & boot drive solutions, despite a sequential decline in SSD controllers. The company provided an optimistic outlook for Q2 2026, projecting further sequential and year-over-year revenue growth.
Key Highlights
- Net sales for Q1 2026 reached $342.1 million, up 23% Q/Q and 105% Y/Y.
- GAAP diluted EPS was $1.97, with non-GAAP diluted EPS at $1.58.
- Embedded eMMC & UFS controller sales increased 30-35% Q/Q and 140-145% Y/Y.
- Ferri & Boot Drive solutions sales surged 205-210% Q/Q and 755-760% Y/Y.
- SSD controller sales decreased 5-10% Q/Q but increased 40-45% Y/Y.
- Q2 2026 revenue guidance is $393 million to $411 million, up 15-20% Q/Q and 98-107% Y/Y.
- The company paid $16.9 million as the second installment of its $2.00 per ADS annual cash dividend.