Silicon Motion Technology Corporation · NASDAQ:SIMO
Silicon Motion Technology — Q3 2025 Earnings Presentation
15 slides from Silicon Motion Technology's earnings presentation, Oct 31, 2025
Slide 1: Silicon Motion 3Q25 Earnings Highlights
Silicon Motion 3Q25 Earnings Highlights NASDAQ: SIMO October 31, 2025
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: 3Q 2025 Operating Highlights
Agenda 3Q 2025 Operating Highlights Financial (Non-GAAP) Financial (GAAP) • Revenue = $242.0m (+22% QoQ, +14% Y/Y) • Revenue = $242.0m (+22% QoQ, +14% Y/Y) • Gross Margin = 48.7% (vs. 47.7% prior Qtr) • Gross Margin = 48.6% (vs. 47.7% prior Qtr) • Operating Exp = $79.5m (vs. $69.3m prior Qtr) • Oper
Slide 4: Significant New Products Ramping
Significant New Products Ramping Client SSDs • SM2508 – High-performance 6nm 8-channel PCIe Gen5 SSD Controller • 8 NAND channels, 3,600 MT/s, 14GB/s sequential with ultra-low power consumption of 3.5W power consumption • SM2504XT – Mainstream 6nm 4-channel DRAM-less PCIeGen5 SSD Controller • SM2322
Slide 5: SSD Highlights
SSD Highlights • Shipping to six flash makers and nearly all module makers • New high-performance PCIe 5.0 SSD controller SM2508 – industry’s first merchant 6nm controller • Early shipments began in 3Q24; wins with four flash makers and nearly all module makers • Achieved 15% of client SSD revenue i
Slide 6: eMMC & UFS Highlights
eMMC & UFS Highlights • Shipping to all tier-one Android handset OEMs • Direct relationships with multiple NAND makers, module makers and smartphone OEMs • UFS 4.1 controller – development/qualification is on-going • Shipping new UFS 3.1 and UFS 2.2 controllers to the low-to-mid-range smartphone mar
Slide 7: Enterprise, Datacenter & AI Infrastructure Highlights
Enterprise, Datacenter & AI Infrastructure Highlights • MonTitan™ SM8366 based development platform has sampled over a dozen target customers including: • Tier-1 Datacenter and Enterprise Storage Customers • NAND Flash Manufactures • Module Makers/Ecosystem Partners • Achieved Design wins with six c
Slide 8: Revenue and Non-GAAP EPS Trends
Revenue and Non-GAAP EPS Trends REVENUE EPS 8
Slide 9: Non-GAAP Gross & Operating Margin Trends
Non-GAAP Gross & Operating Margin Trends Gross Margin Operating Margin 9
Slide 10: Balance Sheet and Capital Allocation
Balance Sheet and Capital Allocation ($ in millions) 2023 2024 2025 YTD Cash, cash equivalents & 369.0 334.3 272.4 restricted cash Cash flow generated by 149.1 77.1 59.9 operating actvities Buybacks - - 24.3 Dividends 16.7* 67.3 50.5 Note: * Dividend discontinued due to merger agreement with Maxline
Slide 11: Target Financial Model
Target Financial Model 4Q 2025 Guidance • Revenue = $254m to $266m (+5% to 10% Q/Q) (+33% to 39% Y/Y) • Gross margin = 48.5 to 49.5% • Operating margin = 19.0 to 20.0% 2022 2023 2024 Long-Term Model Revenue 946 639 804 Robust Growth %YoY +3% -32% +26% Gross Margin 50% 43% 46% 48% to 50% Operating Ex
Slide 12: 3Q 2025 Non-GAAP P&L
3Q 2025 Non-GAAP P&L ($m) Q3 2024 Q2 2025 Q3 2025 %QoQ %YoY Revenue 212.4 100% 198.7 100% 242.0 100% 22% 14% Cost of sales 113.1 53% 104.0 52% 124.2 51% 19% 10% Gross profit 99.3 47% 94.7 48% 117.8 49% 24% 19% R&D 53.6 25% 58.1 29% 65.6 27% 13% 22% SG&A 11.5 5% 11.2 6% 13.8 6% 23% 20% Operating expe
Slide 13: 3Q 2025 Non-GAAP Reconciliation
3Q 2025 Non-GAAP Reconciliation ($m) Dispute Realized/Unrealized Non-GAAP % of Stock-Based Related Loss (Gain) on FX Gain GAAP % of Revenue Comp. Expenses Investments / (Loss) Revenue Revenue 242.0 100% 242.0 100% Cost of sales 124.2 51% 0.1 124.3 51% Gross profit 117.8 49% (0.1) 117.7 49% Research
Slide 14: 2025 YTD Non-GAAP Reconciliation
2025 YTD Non-GAAP Reconciliation ($m) Dispute Realized/Unrealized Non-GAAP % of Stock-Based Related Loss (Gain) on FX Gain GAAP % of Revenue Comp. Expenses Investments / (Loss) Revenue Revenue 607.2 100% 607.2 100% Cost of sales 316.3 52% 0.2 316.4 52% Gross profit 290.9 48% (0.2) 290.7 48% Research
Slide 15: 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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