Silicon Motion Technology (SIMO) reported strong third-quarter 2026 results. Revenue reached $560.2 million. Revenue rose 24% sequentially and 131% year over year, surpassing analyst expectations.
Non-GAAP earnings per share were $4.35. That topped the consensus estimate of $3.33.
Growth was driven by strong demand for SSD controllers. Quarterly sales of Ferri and boot drive solutions increased 75-80%. These solutions serve automotive, edge AI, and enterprise markets. CEO Wallace Kou said the company had expanded into a diversified supplier serving markets from AI infrastructure to edge computing.
For the fourth quarter, Silicon Motion forecast revenue of $588 million to $616 million. Shares rose sharply in active trading after the announcement.