Silicon Motion Technology Q1 2023 Earnings Report

Silicon Motion Technology EPS Results

• Actual EPS: $0.30
• Consensus EPS: $0.42
• Beat/Miss: Missed by -$0.12
• One Year Ago EPS: N/A

Silicon Motion Technology Revenue Results

• Actual Revenue: $124.07 million
• Expected Revenue: $161.17 million
• Beat/Miss: Missed by -$37.10 million
• YoY Revenue Growth: N/A

Silicon Motion Technology Announcement Details

• Quarter: Q1 2023
• Date: 5/4/2023
• Time: N/A

Silicon Motion Technology (NASDAQ:SIMO), together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications. It markets its controllers under the SMI brand; enterprise-grade SSDs under the Shannon Systems brand; and single-chip industrial-grade SSDs under the FerriSSD, Ferri-eMMC, and Ferri-UFS brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to NAND flash makers, module makers, hyperscalers, and OEMs. It operates in Taiwan, the United States, Korea, China, Malaysia, Singapore, and internationally. The company was founded in 1995 and is based in Hong Kong, Hong Kong.