Silicon Motion reports Q1 non-GAAP EPS 60c, consensus 45c
Reports Q1 revenue $166.5M, consensus $162.71M. 'Despite the challenging macro environment in the Q1 we executed our plan and delivered quarterly revenue at the high end of our guided range and delivered another quarter of gross margin expansion,' stated Wallace Kou, President and CEO of Silicon Motion (SIMO). 'Our industry leading PCIe Gen 5 controller experienced stronger than expected demand during the quarter, partially driven by growing AI inference demands from white box server makers leveraging more mainstream hardware components. Our eMMC and UFS controllers also experienced better than expected demand given a rebound in the smartphone market and our ongoing market share gains. While the near-term remains challenging given the broader economic challenges associated with tariffs and potential trade wars, we remain focused on delivering strong, sustainable long-term growth through product diversification; expanding into new markets; and growing market share across our portfolio of consumer, enterprise, automotive, industrial and storage solutions.'
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Silicon Motion's UFS Solution Completes Compatibility Validation with Qualcomm® Snapdragon® Cockpit SA8295P Platform
TAIPEI and MILPITAS, Calif., June 27, 2025 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in the design and marketing of NAND flash controllers for solid-state storage devices, is pleased to announce that its Universal Flash Storage (UFS) solution has successfully completed compatibility validation on Qualcomm® Snapdragon® Cockpit SA8295P Platform. This achievement enables automotive customers to confidently adopt Silicon Motion's UFS solution with the Snapdragon® Cockpit SA8295P designs. Silicon Motion enables superior performance and multitasking support, with high reliability on the Qualcomm® Snapdragon® Cockpit SA8295P platform for ASIL B use cases, which supports UFS 3.1 advanced features such as HS-Gear4 x 2-lane mode and command queuing while leveraging Silicon Motion's industry-leading technology and experience in NAND management. Boasting an extended temperature range and flexible capacity support, it offers a seamless and expeditious design integration option, enabling high-performance AI smart cockpits. The Qualcomm® Snapdragon® Cockpit SA8295P is a high-performance automotive platform designed for smart cockpits. Built on a 5nm process, it delivers powerful AI performance, advanced multi-display graphics, and ASIL-B functional safety support. When combined with Silicon Motion's reliable UFS solution, the platform enables fast data access and seamless system integration. "I am delighted about our collaboration with Qualcomm," said Lancelot Hu, Director of Automotive and Embedded Solution Line of Business at Silicon Motion. "The successful validation of our UFS solution on Qualcomm's Snapdragon Cockpit SA8295P reflects our commitment to high-performance storage for future automotive platforms. Our ongoing collaboration now extends to additional platforms, including Snapdragon Ride Flex (SA8775P) and Snapdragon Ride ADAS (SA8650P), powering next-generation infotainment and ADAS systems." Silicon Motion specializes in the development of high-performance, standards-compliant, and reliable NAND flash storage solutions specifically tailored for automotive applications, including AI smart cockpits, ADAS, and telematics. Our automotive solutions meticulously adhere to various automotive processes and certifications, ensuring utmost quality and compliance, including: AEC-Q100 compliance ISO 26262 functional safety standards (ASIL-B) ISO 21434 certification for Cyber Security IATF 16949 certification for supplier chain compliance ASPICE compliance System & SW development process Automotive Service Packaging (ASP) Silicon Motion provides a comprehensive range of storage solutions that have been seamlessly integrated into top vehicle brands, encompassing automotive-grade SSD, eMMC, and UFS technologies. For further details, kindly visit About Silicon Motion:We are the global leader in supplying NAND flash controllers for solid state storage devices. We supply more SSD controllers than any other company in the world for servers, PCs and other client devices and are the leading merchant supplier of eMMC and UFS embedded storage controllers used in smartphones, IoT devices and other applications. We also supply customized high-performance hyperscale data centre and specialized industrial and automotive SSD solutions. Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs. For further information on Silicon Motion, visit us at View original content to download multimedia: SOURCE Silicon Motion Technology Corporation
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Save 15% on this SIMO Solis Lite hotspot and get 1GB monthly for free
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BofA upgrades Silicon Motion to Buy, cites three catalysts
BofA analyst Simon Woo upgraded Silicon Motion (SIMO) to Buy from Hold with a price target of $90, up from $55, citing three catalysts. Namely, the firm points to gradually increasing enterprise solution sales; resilient topline growth with high gross margins; and the potential for $160M-plus in deal break-up fees to be paid by MaxLinear (MXL) if Silicon Motion wins its Singapore arbitration case in late-Q4. Similar to memory chipmakers, Silicon Motion could also benefit from strongly growing sovereign AI investments by selling Enterprise solid-state drive controllers/boot-drivers, known as the MonTitan series, the analyst added. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on SIMO: Disclaimer & DisclosureReport an Issue Silicon Motion upgraded to Buy from Neutral at BofA Silicon Motion price target raised to $90 from $70 at Roth Capital Silicon Motion price target raised to $90 from $75 at B. Riley Silicon Motion price target raised to $75 from $70 at B. Riley Simon Woo Maintains Neutral Rating on Silicon Motion Amid Mixed Financial Performance and Demand Risks
