Silicon Motion 2Q FY26 GAAP earnings per diluted ADS more than doubled to USD 3.99; net sales rise 32% Q/Q to USD 451 million - SIMO News | RalliesSilicon Motion 2Q FY26 GAAP earnings per diluted ADS more than doubled to USD 3.99; net sales rise 32% Q/Q to USD 451 million
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SIMO• Demand and outlook
- Controller demand stayed broad-based, with SSD controller sales up 5% to 10% Q/Q, eMMC+UFS up 15% to 20%.
- 3Q 2026 outlook calls for net sales of USD 519 million to USD 541 million, up 15% to 20% Q/Q.
2Q FY26 results
- Silicon Motion posted 2Q 2026 GAAP net income of USD 136.1 million, or USD 3.99 per diluted ADS, up from 1Q 2026.
- Net sales climbed 32% quarter-on-quarter to USD 451 million, up 127% year-on-year.
- GAAP gross margin widened 3.1 percentage points to 50.2% from 1Q 2026; GAAP operating margin widened 7.1 percentage points to 22.4%.
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