News

Silicon Motion delivered exceptional results and implied the memory chip boom is on a multiyear run.

SIMO shifts toward AI infrastructure and enterprise storage as new products, strong demand and raised outlook drive growth.

Silicon Motion Technology (NASDAQ:SIMO) reported record second-quarter revenue of $451 million, up 32% sequentially and 127% from a year earlier, as growth in automotive storage, enterprise boot drives, embedded controllers and new enterprise SSD products exceeded the company’s expectations. Presid

SIMO is set to report Q2 earnings with rising estimates, a modest surprise track record and growing enterprise and embedded storage momentum.

Apple stock is holding up the best out of the Magnificent Seven stocks as the company has proceeded cautiously with its AI investments.

(Bloomberg) -- For much of the year, chip stocks have been powering the market higher. Now, Nvidia Corp.’s earnings have a chance to confirm that the rally has more room to run — or add another brick to investors’ wall of worry.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersNATO Is Starting to Consider Hormuz Mission to Protect ShipsHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensBilliona

Joining me today is Wallace Kou, our President and CEO; and Jason Tsai, our CFO. Wallace will first provide a review of our key business developments, and then Jason will discuss our first quarter results and outlook. To enhance investors' understanding of our ongoing economic performance, we will discuss non-GAAP information during this call.

Silicon Motion Technology (NASDAQ:SIMO) reported what management called a better-than-expected start to fiscal 2026, with record first-quarter revenue and profitability metrics that exceeded guidance amid a tight NAND and DRAM supply environment. On the company’s Q1 2026 earnings call, President and

SIMO tops Q1 estimates as controller demand surges, with AI and enterprise growth fueling record revenue and a strong outlook for Q2.