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High materiality8/10

Silicon Motion reports strong Q3 2026 results driven by SSD controllers

Oct 28, 2026, 6:05 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Strong top-line growth, stable margins, and a favorable product mix suggest earnings visibility and potential near-term price re-rating.

AI summary

What happened, with direct paths to the underlying reporting

Silicon Motion reported Q3 2026 net sales of $560.2M, up 24% QoQ and 131% YoY. SSD controller sales rose modestly QoQ, while Ferri & Boot Drive solutions surged, spotlighting a favorable mix. Gross margins held around 53.6%; investors should watch sustained demand and potential upside to earnings if this pace persists.

3Q26 net sales $560.2M, +24% QoQ, +131% YoY.
SSD controller sales up 20-25% QoQ; 55-60% YoY.
Ferri & Boot Drive sales up 75-80% QoQ; +2,580% YoY.
Gross margin ~53.6-53.7%; operating margin ~29-32%.
EPS diluted ADS: GAAP $1.91; Non-GAAP $4.35.

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