Silicon Motion reports Q3 2026 sales up 24% Q/Q and 131% Y/Y, driven by SSD and AI storage solutions.

Silicon Motion announced strong Q3 2026 results with net sales rising 24% quarter-over-quarter to $560.2 million and 131% year-over-year growth. The increase was fueled by growth in SSD controllers and Ferri & Boot Drive solutions, particularly for AI and enterprise markets. Despite GAAP net income dropping sequentially, non-GAAP net income rose significantly, reflecting operational strength. The company expects continued momentum in Q4 2026, driven by expanded product offerings and growth in AI and enterprise storage segments.

Silicon Motion Technology Corporation (SIMO) shares rose 7.89% to USD 220.28 on Pluang as of Oct 29, 2026 05:11 WIB. The stock trades with a market cap of $6.92 billion and a dividend yield of 1.13%. Volume reached 817,026 shares, reflecting active investor interest following the strong quarterly results.