NASDAQ$SIMO
Silicon Motion Technology-ADR · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Silicon Motion Q2 revenue rebounds 19% sequentially to $198.7M as PCIe5 SSD and eMMC/UFS controllers surge
Silicon Motion Technology reported Q2 2025 net sales of $198.7 million, up 19% quarter-over-quarter from $166.5 million but down 6% year-over-year from $210.7 million. GAAP net income was $16.3 million ($0.49 per diluted ADS), down from $19.5 million in Q1, while non-GAAP net income rose to $23.0 million ($0.69 per ADS). Gross margin expanded to 47.7% and operating margin reached 11.2% GAAP (12.8% non-GAAP). CEO Wallace Kou cited strong PCIe5 client SSD controller growth exceeding 75% Q/Q and robust eMMC/UFS demand driven by smartphone sales and market share gains.
- Q2 revenue of $198.7M beat prior guidance range, rising 19% Q/Q on recovery in SSD controllers and eMMC/UFS products
- GAAP EPS of $0.49 and non-GAAP EPS of $0.69; gross margin held at 47.7% with operating margin of 11.2% GAAP
- PCIe5 client SSD controllers grew more than 75% quarter-over-quarter; eMMC/UFS sales up 40-45% Q/Q
- Management targets Q3 revenue of $219-228M (+10-15% Q/Q) and continues aiming for $1B annualized run rate exiting 2025
- Cash and equivalents ended Q2 at $282.3M; company paid $16.7M quarterly dividend and did not repurchase shares
Headline financials
Revenue & EPS history
Silicon Motion · Revenue · Quarterly
$199M
Forward guidance
For Q3 2025, management expects revenue of $219-228 million (up 10-15% Q/Q), GAAP gross margin of 48.0-49.0%, and non-GAAP operating margin of 12.3-14.3%. Company continues targeting a $1 billion revenue run rate exiting 2025.
Tailwinds
- Strong design win pipeline for automotive, enterprise MonTitan, and PCIe5 mass-market controllers ramping H2 2025
- Diversified product portfolio reducing dependence on any single end market
Headwinds
- SSD solutions segment remains down 45-50% year-over-year
- Overall revenue still down 6% year-over-year despite sequential recovery
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2025
+2.2%
Avg return
Earnings day
+3.3%
Avg return
5 days after
+4.7%
Avg return
30 days after
47%
31 / 66 earnings
Positive
+45.9%
Q1 2026
Best reaction
-18.0%
Q2 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +7.2% | +12.0% | +26.4% | |
| Q1 2026 | +45.9% | +52.2% | +85.3% | |
| Q3 2025 | -1.9% | -1.2% | -11.0% | |
| Q2 2025 | -0.3% | -2.5% | +4.0% | |
| Q1 2025 | +9.6% | +16.7% | +35.5% | |
| Q4 2024 | -1.9% | -4.3% | -6.8% | |
| Q3 2024 | -7.0% | -9.6% | -8.2% | |
| Q2 2024 | -10.0% | -10.0% | -2.0% | |
| Q1 2024 | +3.2% | +10.5% | +8.9% | |
| Q4 2023 | +4.1% | +6.4% | +13.1% | |
| Q3 2023 | +4.8% | +4.1% | +9.8% | |
| Q2 2023 | -9.0% | -3.0% | -17.1% | |
| Q1 2023 | -3.5% | -2.8% | +5.7% | |
| Q4 2022 | +0.9% | -0.3% | -2.2% | |
| Q3 2022 | +9.5% | +11.9% | +17.8% | |
| Q2 2022 | +1.2% | +1.5% | -7.9% | |
| Q1 2022 | +14.1% | +15.1% | +13.0% | |
| Q4 2021 | -5.3% | -5.4% | -11.5% | |
| Q3 2021 | -0.8% | +3.7% | -1.9% | |
| Q2 2021 | +21.8% | +25.9% | +20.2% | |
| Q1 2021 | -2.7% | +1.5% | -0.3% | |
| Q4 2020 | +6.5% | +21.2% | +11.4% | |
| Q3 2020 | -2.4% | -0.8% | +3.2% | |
| Q2 2020 | -0.4% | +2.7% | -7.8% | |
| Q1 2020 | +2.5% | -6.9% | +1.1% | |
| Q4 2019 | -2.7% | -0.2% | -22.9% | |
| Q3 2019 | +8.3% | +6.7% | +10.8% | |
| Q2 2019 | -10.7% | -16.1% | -20.7% | |
| Q1 2019 | +9.1% | +8.8% | +4.4% | |
| Q4 2018 | +2.3% | +2.6% | +7.8% | |
| Q3 2018 | +2.8% | +11.4% | -3.0% | |
| Q2 2018 | +3.8% | +2.9% | +11.6% | |
| Q1 2018 | -1.7% | -3.1% | +4.2% | |
| Q4 2017 | -6.6% | -8.6% | -2.9% | |
| Q3 2017 | -5.4% | -3.1% | -1.0% | |
| Q2 2017 | +7.1% | +2.5% | +9.0% | |
| Q1 2017 | +9.0% | +12.4% | +15.6% | |
| Q4 2016 | -3.7% | -6.8% | -0.9% | |
| Q3 2016 | -13.3% | -11.0% | -1.0% | |
| Q2 2016 | -7.2% | -5.5% | -2.5% | |
| Q1 2016 | -4.3% | — | — | |
| Q4 2015 | +1.7% | — | — | |
| Q3 2015 | -3.6% | — | — | |
| Q2 2015 | -1.7% | — | — | |
| Q1 2015 | -1.6% | — | — | |
| Q4 2014 | +8.0% | — | — | |
| Q3 2014 | +4.7% | — | — | |
| Q2 2014 | -1.3% | — | — | |
| Q1 2014 | +13.6% | — | — | |
| Q4 2013 | +15.7% | — | — | |
| Q3 2013 | +12.6% | — | — | |
| Q4 2009 | +0.9% | — | — | |
| Q2 2013 | -5.5% | — | — | |
| Q1 2013 | -0.3% | — | — | |
| Q4 2012 | -2.2% | — | — | |
| Q3 2012 | +22.9% | — | — | |
| Q4 2010 | -4.4% | — | — | |
| Q4 2011 | -4.4% | — | — | |
| Q2 2012 | -18.0% | — | — | |
| Q1 2012 | -5.3% | — | — | |
| Q3 2011 | -2.0% | — | — | |
| Q2 2011 | +6.7% | — | — | |
| Q1 2011 | +33.3% | — | — | |
| Q3 2010 | -6.1% | — | — | |
| Q2 2010 | +16.4% | — | — | |
| Q1 2010 | -9.7% | — | — |
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