Silicon Motion Technology Corporation · NASDAQ:SIMO
Silicon Motion Technology — Q2 2026 Earnings Presentation
16 slides from Silicon Motion Technology's earnings presentation, Jul 30, 2026
Slide 1: 2Q26 Earnings Highlights
Silicon Motion 2Q26 Earnings Highlights NASDAQ: SIMO July 30, 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regar
Slide 3: 2Q 2026 Operating Highlights
Agenda 2Q 2026 Operating Highlights Financial (Non-GAAP) Financial (GAAP) • Revenue = $451.0 (+32% QoQ, +127% Y/Y) • Revenue = $451.0m (+32% QoQ, +127% Y/Y) • Gross Margin = 50.2% (vs. 47.2% prior Qtr) • Gross Margin = 50.2% (vs. 47.1% prior Qtr) • Operating Exp = $122.1m (vs. $99.2m prior Qtr) • Op
Slide 4: Significant New Products Ramping
Significant New Products Ramping Client SSDs • SM2508 – High-performance 6nm 8-channel PCIe Gen5 SSD Controller • 8 NAND channels, 3,600 MT/s, 14GB/s sequential with ultra-low power consumption of 3.5W power consumption • SM2504XT – Mainstream 6nm 4-channel DRAM-less PCIeGen5 SSD Controller • SM2322
Slide 5: SSD Highlights
SSD Highlights • Shipping to six flash makers and nearly all module makers • New high-performance PCIe 5.0 SSD controller SM2508 – industry’s first merchant 6nm controller • Shipments began in 3Q24; wins with four flash makers and nearly all module makers • Achieved 15% of client SSD revenue in 3Q25
Slide 6: eMMC & UFS Highlights
eMMC & UFS Highlights • Shipping to all tier-one Android handset OEMs • Direct relationships with multiple NAND makers, module makers and smartphone OEMs • UFS 4.1 controller – development/qualification is on-going • Shipping new UFS 3.1 and UFS 2.2 controllers to the low-to-mid-range smartphone mar
Slide 7: Enterprise, Datacenter & AI Infrastructure Controllers
Enterprise, Datacenter & AI Infrastructure Controllers • MonTitan™ SM8366 based development platform has sampled over a dozen target customers including: • Tier-1 Datacenter and Enterprise Storage Customers, NAND Flash Manufactures, Module Makers/Ecosystem Partners • Targeting high-capacity, high-pe
Slide 8: Enterprise & AI Boot Drive Solutions
Enterprise & AI Boot Drive Solutions • Entered production with the leading AI chipmaker for DPU product in 4Q25 • Expanding relationship with customer in the second half of 2026 with next generation platform • Boot drives for DPU’s, ethernet switches and NV-Link switches • Successfully secured NAND
Slide 9: Revenue and Non-GAAP EPS Trends
Revenue and Non-GAAP EPS Trends REVENUE EPS 9
Slide 10: Non-GAAP Gross & Operating Margin Trends
Non-GAAP Gross & Operating Margin Trends Gross Margin Operating Margin 10
Slide 11: Balance Sheet and Capital Allocation
Balance Sheet and Capital Allocation ($ in millions) 2024 2025 2026 YTD Cash, cash equivalents & 334.3 277.1 181.8 restricted cash Cash flow generated by (used 77.1 61.4 (95.0) in) operating actvities Buybacks - 24.3 - Bank loans - - 59.2 Dividends 67.3 67.2 33.8 11
Slide 12: Target Financial Model
Target Financial Model 3Q 2026 Guidance • Revenue = $519m to $541m (+15% to 20% Q/Q) (+114% to 124% Y/Y) • Gross margin = 50.0 to 51.0% • Operating margin = 27.5 to 28.5% 2023 2024 2025 Long-Term Model Revenue 639 804 886 Robust Growth %YoY -32% +26% +10% Gross Margin 43% 46% 48% 48% to 50% Operatin
Slide 13: 2Q 2026 Non-GAAP P&L
2Q 2026 Non-GAAP P&L ($m) Q2 2025 Q1 2026 Q2 2026 %QoQ %YoY Revenue 198.7 100% 342.1 100% 451.0 100% 32% 127% Cost of sales 104.0 52% 180.7 53% 224.7 50% 24% 116% Gross profit 94.7 48% 161.4 47% 226.3 50% 40% 139% R&D 58.1 29% 81.5 24% 103.0 23% 26% 77% SG&A 11.2 6% 17.8 5% 19.1 4% 7% 69% Operating
Slide 14: 2Q 2026 Non-GAAP Reconciliation
2Q 2026 Non-GAAP Reconciliation ($m) Dispute Realized/Unrealized Non-GAAP % of Stock-Based Related Loss (Gain) on FX Gain GAAP % of Revenue Comp. Expenses Investments / (Loss) Revenue Revenue 451.0 100% 451.0 100% Cost of sales 224.7 50% 0.1 224.8 50% Gross profit 226.3 50% (0.1) 226.2 50% Research
Slide 15: 1H 2026 Non-GAAP Reconciliation
1H 2026 Non-GAAP Reconciliation ($m) Dispute Realized/Unrealized Non-GAAP % of Stock-Based Related Loss (Gain) on FX Gain GAAP % of Revenue Comp. Expenses Investments / (Loss) Revenue Revenue 793.1 100% 793.1 100% Cost of sales 405.4 51% 0.2 405.6 51% Gross profit 387.7 49% (0.2) 387.5 49% Research
Slide 16: Thank You !
Thank You ! © 2021 Silicon Motion Technology Corporation. All Rights Reserved. FerriSSD, Ferri-eMMC, Shannon and Bigtera are trademarks of Silicon Motion registered in the United States, Taiwan, China and other countries. Other company, organization, and brand names may be trademarks or registered t
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