NASDAQ$SIMO

Silicon Motion Technology-ADR · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

Silicon Motion reported strong Q2 2026 results with revenue surging 127% year-over-year to $451 million.

Silicon Motion Technology announced financial results for the quarter ended June 30, 2026, showing robust sequential and year-over-year growth driven by SSD controllers, eMMC/UFS controllers, and Ferri solutions. GAAP net income reached $136.1 million ($3.99 per ADS), while non-GAAP net income was $83.1 million ($2.43 per ADS). Gross margin expanded to 50.2%, with positive outlook for continued growth in the second half of the year.

  • Revenue increased 32% sequentially and 127% YoY to $451.0 million.
  • GAAP EPS of $3.99 and non-GAAP EPS of $2.43 significantly exceeded prior periods.
  • Gross margin improved to 50.2%, with operating margin at 22.4% GAAP / 23.1% non-GAAP.
  • Strong growth across all key product lines, particularly Ferri & Boot Drive solutions up over 1,600% YoY.

Headline financials

Total Revenue

$451M

Previous: $199M+127.0%
EPS (adj)

$2.43

Previous: $0.69+252.2%
Gross Margin

50.2%

No prior period
Operating Margin (GAAP)

22.4%

No prior period
Operating Margin (Non-GAAP)

23.1%

No prior period
Routine Capex

$5.8M

No prior period
Dividend Payments

$16.9M

No prior period
Net Income

$136M

Previous: $16.3M+734.4%
Operating Income

$101M

Previous: $22.3M+352.8%
Gross Profit

$226M

Previous: $94.7M+138.9%
Cash & Equivalents

$182M

Previous: $282M-35.6%

Revenue & EPS history

Silicon Motion · Revenue · Quarterly

$451M

Q2 2026+127%vs Q2 2025
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Forward guidance

Management expects continued strong top-line growth, with Q3 2026 revenue guidance of $519-541 million (+15-20% Q/Q).

Tailwinds

  • On track for highest annual revenue in company history, >100% YoY growth.
  • Broadening portfolio across AI infrastructure to edge markets.
  • Record start to the year with momentum expected to continue.

Headwinds

  • Consumer businesses face headwinds from NAND pricing and supply.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
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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