Silicon Motion Sets Q3 Revenue Record at $560.2 Million

Silicon Motion Technology (Nasdaq: SIMO) posted record revenue of $560.2 million in Q3 2026, up 24% from the prior quarter and 131% from a year earlier, as sales grew across storage-controller products.

Revenue in the previous quarter was $451 million, while Q3 2025 revenue was $242 million. SSD controller sales rose 55% to 60% year over year. Ferri and boot-drive solutions sales increased more than 2,500% over the same period.

Silicon Motion’s MonTitan platform serves enterprise and AI-server storage markets. Automotive, boot-drive storage, edge solid-state drives, edge AI and enterprise SSD controllers contributed to growth.

Non-GAAP gross margin was 53.7% in the quarter, and operating margin was 32.1%.

For Q4 2026, Silicon Motion projected revenue of $588 million to $616 million, representing sequential growth of 5% to 10%. It also expects revenue to increase at least 40% in 2027, with gross margin in the low-to-mid 50% range.