Silicon Motion Q2 2025 Financial Results

SEC Filing 6-K (0001193125-25-169571)

Silicon Motion Technology Corporation announced its financial results for the second quarter of 2025. The company reported a 19% quarter-over-quarter increase in net sales to $198.7 million, though this represented a 6% year-over-year decline. GAAP net income decreased to $16.3 million, or $0.49 per diluted ADS, compared to $19.5 million, or $0.58 per diluted ADS, in the previous quarter. Non-GAAP net income increased to $23.0 million, or $0.69 per diluted ADS, up from $20.3 million, or $0.60 per diluted ADS, in Q1 2025. The company highlighted strong growth in PCIe5 client SSD controller sales, driven by AI-at-the-edge PCs and white box AI server makers. Silicon Motion also noted better-than-anticipated smartphone sales and market share gains in its eMMC and UFS products. The company expects continued growth in the second half of 2025, targeting a revenue run rate of $1 billion by year-end.