Silicon Motion Technology (SIMO) Tops Q3 EPS by 4c

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Go back to Silicon Motion Technology (SIMO) Tops Q3 EPS by 4c

Silicon Motion Announces Results for the Period Ended September 30, 2015

October 28, 2015 6:00 PM EDT

Financial Highlights

    Net sales increased 9% sequentially to $95.4 million1 from $87.2 million in 2Q15    Gross margin (non-GAAP2) increased to 51.6% from 51.0% in 2Q15    Operating expenses (non-GAAP) increased to $25.8 million from $22.9 million in 2Q15    Operating margin (non-GAAP) decreased to 24.5% from 24.8% in 2Q15     Diluted earnings per ADS (non-GAAP) increased to $0.57 from $0.51 in 2Q15

Business Highlights

Highest quarterly revenue in our corporate historyClient SSD controller sales increased over 40% sequentially to account for 20% of... More