SIMO's record revenue and raised guidance confirm strong execution and market share gains in high-growth segments (eMMC/UFS, enterprise PCIe). Traders should monitor Q2 earnings for MonTitan enterprise controller ramp and any impact from smartphone demand weakness. Current guidance suggests further upside potential.
Price Chart
Executive Summary
Silicon Motion reported Q1 2026 results with revenue of $342.1M (+105% YoY, +23% Q/Q) and GAAP EPS of $1.97, significantly exceeding prior periods. Management guided Q2 2026 revenue of $393-411M (+15-20% Q/Q, +98-107% YoY), driven by market share gains in eMMC/UFS controllers and ramp of enterprise PCIe 5 SSD controllers. The strong growth and raised guidance indicate accelerating demand across core and AI-related end markets.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $342.1M, +105% YoY, +23% Q/Q
- GAAP diluted EPS $1.97; Non-GAAP diluted EPS $1.58
- GAAP gross margin 47.1%, operating margin 15.3% (Non-GAAP 18.2%)
- eMMC+UFS controller sales +140-145% YoY; Ferri & Boot Drive sales +755-760% YoY
- Q2 2026 guidance: revenue $393-411M, gross margin 48.5-49.5%, non-GAAP operating margin 21-22%
- MonTitan enterprise controllers entering volume production ahead of schedule
Financial Impact
Q1 revenue $342.1M (+105% YoY), GAAP net income $66.8M vs $19.5M YoY; Q2 guidance implies continued sequential and YoY growth
Risk Factors
- Weakening smartphone sales could pressure eMMC/UFS growth despite share gains
- Working capital buildup led to negative operating cash flow (-$31.2M) in Q1
- Geopolitical risks related to Taiwan-China tensions and US-China trade disputes
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3283309 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 7w ago | 6-K | $224.00 $277.70 | ▲ +23.97% | ▲ +25.03% | $280.50 (+25.22%) |
Aug 10, 2026 7w ago | 6-K | $230.61 $272.02 | ▲ +17.96% | ▲ +18.87% | $280.50 (+21.63%) |
Jul 29, 2026 9w ago | Press Release | $255.10 $255.08 | ▼ −0.01% | ▼ −3.97% | $280.50 (+9.96%) |
Jul 24, 2026 9w ago | 6-K | $244.45 $243.18 | ▼ −0.52% | ▼ −3.82% | $280.50 (+14.75%) |
Jul 8, 2026 12w ago | 6-K | $324.26 $267.43 | ▼ −17.53% | ▼ −19.77% | $280.50 (−13.50%) |
May 1, 2026 22w ago | 144 | $234.04 $268.05 | ▲ +14.53% | ▲ +9.25% | $280.50 (+19.85%) |
Apr 28, 2026 22w ago | Press Release | $217.06 $284.98 | ▲ +31.29% | ▲ +25.83% | $280.50 (+29.23%) |
Apr 24, 2026 23w ago | 6-K | $147.24 $290.32 | ▲ +97.18% | ▲ +92.22% | $280.50 (+90.51%) |
Apr 24, 2026 23w ago | Press Release | $153.15 $263.51 | ▲ +72.06% | ▲ +68.04% | $280.50 (+83.16%) |
Apr 10, 2026 25w ago | 6-K | $125.74 $262.05 | ▲ +108.40% | ▲ +100.67% | $280.50 (+123.07%) |
US Market Status
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