Silicon Motion: 26Q3 Revenue Up 24% QoQ to $560 Million; Full-Year Revenue Expected to Double YoY

Silicon Motion announced its financial results for the third quarter of 2026. During the reporting period, the company achieved revenue of $560 million, setting a record high for the fourth consecutive quarter, up 24% QoQ and 131% YoY; Non-GAAP net income was $149 million, up 79.4% QoQ and 341% YoY; gross margin was 53.7% and operating margin was 32.1%. Across its three major product lines, Ferri and enterprise boot drive solutions delivered the strongest growth, with third-quarter revenue up 75% to 80% QoQ and 2,580% to 2,585% YoY; SSD controller revenue grew 20% to 25% QoQ and 55% to 60% YoY; embedded eMMC and UFS controller revenue declined 10% to 15% QoQ but still grew 35% to 40% YoY. Wallace Kou, President and CEO of Silicon Motion, said the company has rapidly transformed from a consumer NAND Flash controller supplier into a leader in controllers and storage solutions spanning from AI infrastructure to edge computing. Benefiting from strong demand for AI storage and enterprise products, Silicon Motion expects fourth-quarter revenue to reach $588 million to $616 million, up 5% to 10% QoQ and 111% to 121% YoY; full-year revenue is expected to double compared with last year.