From GlobeNewswire: 2025-04-29 18:00:00

Silicon Motion Technology Corporation reported a decrease in sales for the first quarter of 2025, with net sales dropping to $166.5 million. The company also announced a new $50 million share repurchase program. Despite challenging conditions, the company’s CEO emphasized the strong performance of their PCIe Gen 5 controller and the rebound in smartphone market demand for their eMMC and UFS controllers. Looking forward, Silicon Motion anticipates improved revenue and profitability in 2025 with the introduction of new products and expansion into new markets. The company aims to reach a revenue run rate of $1 billion by the end of the year.

Financial highlights for the first quarter of 2025 showed a decrease in net income to $19.5 million, or $0.58 per diluted ADS. The company’s non-GAAP net income also decreased to $20.3 million, or $0.60 per diluted ADS. Silicon Motion remains focused on delivering long-term growth through product diversification and market share expansion across various sectors. The company expects to benefit from new product introductions and aims for a strong rebound in consumer markets in the second half of 2025.

In terms of business outlook, Silicon Motion projects revenue of $175 to $183 million for the second quarter of 2025, with a gross margin of 47.0% to 48.0%. The company anticipates continued growth through investments in new products and market expansion efforts. Additionally, Silicon Motion recently announced a share repurchase program and plans to further enhance shareholder value through strategic initiatives.

Silicon Motion Technology Corporation is a global leader in supplying NAND flash controllers for solid-state storage devices. The company provides SSD controllers for various applications and is the leading merchant supplier of eMMC and UFS embedded storage controllers for smartphones and IoT devices. Silicon Motion aims to drive growth through new product introductions, market expansion, and a focus on delivering strong, sustainable long-term performance. For more information, visit www.siliconmotion.com.



Read more at GlobeNewswire: Silicon Motion Announces Results for the Period Ended March