Silicon Motion: third-quarter 2026 revenue rose 24% from the previous quarter
Silicon Motion reported $560.2 million in revenue for Q3 2026 and expects further growth in Q4 as demand for enterprise SSDs rises.
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what happened
Silicon Motion Technology reported results for the quarter ended September 30, 2026, according to GlobeNewswire. GAAP revenue grew 24% from the second quarter and 131% year on year, to $560.2 million. GAAP net income fell to $65.3 million, or $1.91 per diluted ADS, while non-GAAP net income was $149.2 million, or $4.35 per ADS.
The company expects fourth-quarter 2026 revenue of $588 million to $616 million. Its board also raised the annual dividend to $2.30 per ADS, a 15% increase. In August the company completed a $1.15 billion issue of 0% convertible senior notes due 2031, with proceeds earmarked for general corporate purposes and repaying its CTBC Bank credit agreement.
why it matters
Management says rising demand for enterprise and AI storage is pushing NAND flash prices higher, which matters for controller suppliers. The gap between GAAP and non-GAAP figures comes from stock-based compensation and dispute-related costs, so both measures are worth watching.
market impact
Silicon Motion: strong revenue and a higher Q4 outlook support the company's shares
- Silicon Motion shares (SIMO) mixed — revenue grew, but GAAP earnings per share fell from the prior quarter
tags
instruments
sources
- Silicon Motion Announces Results for the Quarterly Period Ended September 30, 2026 — globenewswire.com, 28 October 2026 at 22:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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