Silicon Motion Technology Corporation (Silicon Motion) announced its second-quarter 2026 financial results: revenue reached a record high of $451 million, representing a 32% increase quarter-over-quarter (QoQ) and a massive 127% surge year-over-year (YoY). The gross margin stood at 50.2%, with a net income after tax of $83.14 million and an operating margin of 23.1%. The diluted earnings per American Depositary Share (ADS) were $2.43.
By product line, Edge and Enterprise SSD controller chips grew by 5%-10% QoQ and saw a significant YoY increase of 50%-55%. Embedded eMMC and UFS controller chips rose by 15%-20% QoQ, with an explosive YoY growth of 95%-100%. Ferri and Enterprise Boot Drive storage solutions recorded the fastest growth, with a QoQ increase of 110%-115% and a substantial YoY surge of 1,690%-1,695%.
