SIMO

MKT CAP:$5B

Silicon Motion Technology Corporation

Market Cap

$5B

Technology·Semiconductors·🇭🇰 Hong Kong·NASDAQ

Technology·Semiconductors·🇭🇰·NASDAQ

Stock Price

$139.71+$45.95 (+49.01%)

Apr 17, 2026

Company Details

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It offers controllers for computing-grade solid state drives (SSDs), which are use...

CEO

Chia-Chang Kou

IPO Date

Jun 30, 2005

Website

www.siliconmotion.com

Key Metrics TTM

Revenue

$899M

+23.9% YoY

Net Income

$127M

EPS (Diluted)

$11.52

Free Cash Flow

$81M

Revenue / Share

$107.09

Gross Margin

48.0%

Operating Margin

10.6%

Net Margin

14.1%

FCF Margin

9.0%

P/S

5.6x

P/E

39.7x

Earnings Reports

Q1 2026

Apr 28, 2026

PENDING

FY 2025

Dec 31, 2025

$886MEPS $14.60

Q4 2025

Feb 3, 2026

$278MEPS $5.68

Q3 2025

Oct 31, 2025

$242M+13.9%EPS $4.64

Q1 2025

Apr 29, 2025

$166MEPS $0.56

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$221M	$111M	$60M
Q3 21	$254M	$127M	$69M
Q4 21	$264M	$131M	$72M
Q1 22	$242M	$126M	$66M
Q2 22	$252M	$134M	$67M
Q3 22	$251M	$119M	$55M
Q4 22	$201M	$87M	$25M
Q1 23	$124M	$52M	$5M
Q2 23	$140M	$56M	$2M
Q3 23	$172M	$73M	$15M
Q4 23	$202M	$88M	$18M
Q2 24	$211M	$97M	$31M
Q3 24	$212M	$99M	$24M
Q1 25	$166M	$78M	$10M
Q3 25	$242M	$118M	$29M
Q4 25	$278M	$137M	$32M

Valuation

Quarter	P/S	P/E
Q2 21	7.5x	46.0x
Q3 21	6.3x	35.8x
Q4 21	5.5x	25.2x
Q1 22	5.1x	22.9x
Q2 22	5.0x	22.7x
Q3 22	5.0x	24.1x
Q4 22	5.3x	29.2x
Q1 23	6.1x	39.4x
Q2 23	7.0x	57.6x
Q3 23	7.9x	91.2x
Q4 23	7.9x	95.4x
Q2 24	7.0x	68.6x
Q3 24	6.3x	60.5x
Q1 25	6.4x	54.7x
Q3 25	6.1x	45.8x
Q4 25	5.6x	39.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$60M	$55M
Q3 21	$29M	$21M
Q4 21	$71M	$60M
Q1 22	-$2M	-$14M
Q2 22	$3M	-$2M
Q3 22	$43M	$34M
Q4 22	$40M	$32M
Q1 23	$7M	-$7M
Q2 23	$36M	$26M
Q3 23	$65M	$48M
Q4 23	$41M	$32M
Q2 24	$21M	$11M
Q3 24	$54M	$41M
Q1 25	$50M	$39M
Q3 25	$27M	$7M
Q4 25	$2M	-$6M

Capital Expenditures

Quarter	CapEx
Q2 21	$5M
Q3 21	$7M
Q4 21	$11M
Q1 22	$12M
Q2 22	$5M
Q3 22	$9M
Q4 22	$8M
Q1 23	$14M
Q2 23	$10M
Q3 23	$17M
Q4 23	$10M
Q2 24	$10M
Q3 24	$12M
Q1 25	$12M
Q3 25	$20M
Q4 25	$8M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+61.6%	+50.6%
Q3 21	+101.7%	+85.0%
Q4 21	+83.7%	+33.9%
Q1 22	+32.7%	+27.3%
Q2 22	+14.1%	+15.3%
Q3 22	-1.3%	+5.4%
Q4 22	-24.1%	-8.6%
Q1 23	-48.7%	-32.5%
Q2 23	-44.4%	-25.2%
Q3 23	-31.3%	-19.5%
Q4 23	+0.8%	+5.2%
Q2 24	+69.8%	+51.7%
Q3 24	+51.3%	+35.7%
Q1 25	-3.4%	-0.4%
Q3 25	+19.6%	+15.1%
Q4 25	+32.2%	+37.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$2M	1.1%
Q3 21	$5M	2.0%
Q4 21	$9M	3.4%
Q1 22	$6M	2.3%
Q2 22	$2M	1.0%
Q3 22	$6M	2.3%
Q4 22	$13M	6.4%
Q1 23	$5M	4.4%
Q2 23	$2M	1.7%
Q3 23	$4M	2.2%
Q4 23	$6M	2.9%
Q2 24	$385.0K	0.2%
Q3 24	$385.0K	0.2%
Q1 25	$5M	2.9%
Q3 25	$6M	2.3%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 21	$39M	$5M	$7M
Q3 21	$45M	$6M	$8M
Q4 21	$45M	$7M	$8M
Q1 22	$46M	$7M	$8M
Q2 22	$43M	$14M	$9M
Q3 22	$48M	$7M	$9M
Q4 22	$52M	$4M	$6M
Q1 23	$35M	$5M	$7M
Q2 23	$41M	$6M	$7M
Q3 23	$42M	$9M	$7M
Q4 23	$57M	$8M	$6M
Q2 24	$51M	$7M	$7M
Q3 24	$58M	$9M	$7M
Q1 25	$55M	$6M	$7M
Q3 25	$69M	$10M	$9M
Q4 25	$80M	$14M	$11M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$226M	$0	$226M
Q2 22	$180M	$0	$180M
Q3 22	$199M	$0	$199M
Q4 22	$232M	$0	$232M
Q1 23	$225M	$0	$225M
Q2 23	$250M	$0	$250M
Q3 23	$295M	$0	$295M
Q4 23	$364M	$0	$364M
Q1 24	$295M	$0	$295M
Q2 24	$289M	$0	$289M
Q3 24	$314M	$0	$314M
Q4 24	$276M	$0	$276M
Q1 25	$275M	$0	$275M
Q2 25	$208M	$0	$208M
Q3 25	$199M	$0	$199M
Q4 25	$202M	$0	$202M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	35M	+0.1%	-0.6%
Q3 21	35M	+0.2%	+0.4%
Q4 21	35M	+0.1%	+1.5%
Q1 22	34M	-3.0%	-2.6%
Q2 22	33M	-2.4%	-5.0%
Q3 22	33M	-0.2%	-5.4%
Q4 22	33M	+0.2%	-5.3%
Q1 23	33M	+0.5%	-1.8%
Q2 23	33M	+0.2%	+0.7%
Q3 23	33M	+0.1%	+1.0%
Q4 23	34M	+0.3%	+1.1%
Q2 24	34M	+0.3%	+0.9%
Q3 24	34M	+0.0%	+0.8%
Q1 25	34M	-0.4%	+0.3%
Q3 25	8M	-75.0%	-75.0%
Q4 25	8M	0.0%	-75.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$167.1K	1K
Q3 21	$192.2K	1K
Q4 21	$184.3K	1K
Q1 22	$168.7K	1K
Q2 22	$176.0K	1K
Q3 22	$174.9K	1K
Q4 22	$122.2K	2K
Q1 23	$75.5K	2K
Q2 23	$85.4K	2K
Q3 23	$104.9K	2K
Q4 23	$130.9K	2K
Q2 24	$136.3K	2K
Q3 24	$137.4K	2K
Q1 25	$91.5K	2K
Q3 25	$133.0K	2K
Q4 25	$153.1K	2K

Revenue / Employee