“The first quarter of 2026 delivered an exceptional start to what we expect will be a defining year for Silicon Motion (SIMO) as we expand our market share, broaden our customer and product portfolio, and penetrate new large and high growth edge AI and cloud AI device and infrastructure end markets. We have multiple new products across nearly all our business lines expected to ramp throughout 2026 including our new 4-channel PCIe5 edge SSD controller, multiple new embedded eMMC and UFS controllers for mobile, IoT and automotive, new programs for Ferri automotive solutions and our emerging enterprise-class products including MonTitan controllers and boot drive storage solutions. Based on our existing backlog, we expect our strong start to 2026 to continue in the second quarter and drive sequential growth throughout this year as these new programs scale further and our share gains accelerate. We are benefiting from the cumulative impact of investments we have made over the past several years and expect our share gains and market expansion into enterprise and data center to drive strong sustainable revenue and profitability growth,” stated CEO Kou.
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Read More on SIMO:
- Silicon Motion sees Q2 revenue $393M-$411M
- Silicon Motion reports Q1 non-GAAP EPS $1.58 vs.$1.26 in the last quarter
- Silicon Motion options imply 10.8% move in share price post-earnings
- Silicon Motion price target raised to $180 from $150 at Wedbush
- SIMO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
