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SIMO

Silicon Motion Technology Corporation

SIMO

Silicon Motion Technology Corporation • NASDAQ
$88.96 ▲ 1.58% (+1.38)
Market Cap $2.99 B
52w High $106.60
52w Low $37.21
Dividend Yield 1.99%
P/E 31.1
Volume 99.25K
Outstanding Shares 33.56M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $198.675M ▲ $72.358M ▲ $16.311M ▼ 8.21% ▼ $1.96 ▲ $29.774M ▲
Q1-2025 $166.492M ▼ $68.601M ▼ $19.463M ▼ 11.69% ▲ $0.56 ▼ $16.991M ▼
Q4-2024 $191.16M ▼ $70.03M ▼ $21.569M ▲ 11.283% ▲ $0.68 ▲ $27.079M ▼
Q3-2024 $212.412M ▲ $74.81M ▲ $20.945M ▼ 9.861% ▼ $0.64 ▼ $30.262M ▼
Q2-2024 $209.894M $66.03M $30.821M 14.684% $0.92 $37.799M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $198.578M ▼ $1.137B ▲ $303.217M ▲ $833.789M ▲
Q2-2025 $208.028M ▼ $1.034B ▲ $244.804M ▲ $788.883M ▲
Q1-2025 $275.14M ▼ $991.402M ▼ $219.075M ▼ $772.327M ▼
Q4-2024 $276.068M ▼ $1.033B ▼ $259.121M ▲ $773.755M ▼
Q3-2024 $313.924M $1.049B $239.148M $809.613M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $16.586M ▼ $-16.934M ▼ $-15.808M ▼ $-17.327M ▲ $-67.129M ▼ $-32.742M ▼
Q1-2025 $19.463M ▼ $50.272M ▲ $-11.648M ▼ $-41.247M ▼ $-2.586M ▲ $38.611M ▲
Q4-2024 $23.04M ▲ $-6.158M ▼ $-10.574M ▲ $-16.814M ▼ $-34.263M ▼ $-16.994M ▼
Q3-2024 $20.843M ▼ $53.889M ▲ $-12.414M ▼ $-16.787M ▼ $24.802M ▲ $41.475M ▲
Q2-2024 $30.708M $21.414M $-10.401M $-16.778M $-5.668M $11.013M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been cyclical, reflecting the ups and downs of the memory and storage markets. Sales peaked a few years ago, fell noticeably in 2023, and then bounced back in 2024, though not yet back to prior highs. Throughout this cycle the company has stayed profitable, with solid gross margins and healthy, though fluctuating, operating and net income. Profitability dipped sharply during the downturn, then recovered, suggesting good operating leverage but also clear exposure to industry cycles. Earnings per share are volatile and appear influenced not only by business swings but possibly by one‑off items or share count changes, so any single year’s profit figure should be treated with caution.

Balance Sheet

Balance Sheet The balance sheet looks conservative and robust. Total assets have steadily grown over the last five years, and shareholder equity has consistently risen, indicating value accumulation rather than balance-sheet erosion. The company carries no debt, which reduces financial risk and gives it flexibility in downturns. Cash and equivalents make up a meaningful portion of assets, even though the cash balance has moved around year to year. Overall, the financial foundation appears strong and relatively low risk for a semiconductor business.

Cash Flow

Cash Flow Cash generation from operations has been positive every year, but it moves with the memory cycle: stronger in good years, weaker in downturns. Free cash flow has also stayed positive throughout, helped by a relatively light level of capital spending. Management seems disciplined about investment, keeping capital expenditures modest while still supporting growth. This cash flow profile suggests the business can self-fund its needs, but investors should expect swings in cash generation in line with the industry environment.

Competitive Edge

Competitive Edge Silicon Motion occupies a leading niche in NAND flash controllers, supplying a large share of the PC SSD and smartphone storage markets. Its strength lies in deep know‑how in controller design, strong firmware and software capabilities, and broad compatibility with many NAND suppliers. Close partnerships with major memory makers and OEMs, plus a substantial portfolio of intellectual property, add to its moat. The fabless model lets it focus on design rather than manufacturing. However, the company still faces intense competition from other controller specialists and from in‑house solutions at large memory vendors, along with constant pricing pressure and rapid technology shifts typical of semiconductors.

Innovation and R&D

Innovation and R&D Innovation is clearly a core asset. The company is pushing into next‑generation standards such as PCIe Gen5 and Gen6 for SSDs and UFS 4.1 for mobile, emphasizing power efficiency and high performance. Its advanced firmware, error correction, and configurable Quality‑of‑Service features make its solutions attractive for differentiated products. Specialized offerings for automotive and industrial markets, as well as enterprise and AI data centers via platforms like MonTitan and Ferri, show an effort to move up the value chain into stickier, higher‑reliability applications. The key opportunity is to convert this pipeline of new controllers and platforms into sustained market share gains, especially in AI, automotive, and high‑end PCs. The main risk is execution: delays, qualification issues, or weaker‑than‑expected customer adoption could blunt the impact of this R&D investment.

Summary

Silicon Motion combines a solid financial base with a focused, technology‑driven niche in storage controllers. The business has remained profitable and cash‑generative through a volatile memory cycle, supported by a debt‑free balance sheet and healthy margins. Yet its income and cash flows are clearly cyclical and can swing sharply in weaker demand or pricing environments. Competitively, the company benefits from scale, strong customer relationships, and deep controller expertise, and it is actively targeting faster‑growing areas such as AI servers, automotive, and high‑end PCs with new product generations. Future performance will depend on how well it navigates industry cycles, maintains its technical lead, and ramps its next‑generation products, particularly in enterprise, AI, and automotive markets, where design wins can be large but take time and flawless execution to realize.

NEWS

November 14, 2025 · 9:00 AM UTC

Silicon Motion Announces SM8388, the Industry's Leading Power-Efficient PCIe Gen5 8-Channel Enterprise SSD Controller, Delivering 14.4GB/s Performance at Under 5W Power for Nearline SSDs

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November 13, 2025 · 8:00 AM UTC

Silicon Motion to Attend Upcoming Investor Conferences

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October 30, 2025 · 6:00 PM UTC

Silicon Motion Announces Results for the Period Ended September 30, 2025

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