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Complete financial analysis of Silicon Motion Technology Corporation (SIMO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Silicon Motion Technology Corporation, a leading company in the Semiconductors industry within the Technology sector.
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Silicon Motion Technology Corporation (SIMO)
About Silicon Motion Technology Corporation
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It 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 Ferri SSD, 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, South Korea, China, Malaysia, Singapore, and internationally. Silicon Motion Technology Corporation was founded in 1995 and is based in Hong Kong, Hong Kong.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 639.14M | 945.92M | 922.10M | 539.52M | 457.25M | 530.35M | 523.40M | 556.15M | 361.30M | 289.32M | 225.31M | 281.37M | 224.13M | 144.32M | 90.72M | 168.28M | 180.31M | 106.18M | 81.91M | 68.87M | 26.95M | 13.14M |
| Cost of Revenue | 368.75M | 480.09M | 461.31M | 279.37M | 235.08M | 269.54M | 272.21M | 281.54M | 176.77M | 139.63M | 118.70M | 149.65M | 115.94M | 76.67M | 49.94M | 84.90M | 85.02M | 49.46M | 40.94M | 40.51M | 12.51M | 10.53M |
| Gross Profit | 270.39M | 465.83M | 460.80M | 260.16M | 222.17M | 260.81M | 251.19M | 274.61M | 184.53M | 149.70M | 106.61M | 131.72M | 108.19M | 67.66M | 40.78M | 83.39M | 95.29M | 56.72M | 40.97M | 28.36M | 14.44M | 2.61M |
| Gross Profit Ratio | 42.31% | 49.25% | 49.97% | 48.22% | 48.59% | 49.18% | 47.99% | 49.38% | 51.07% | 51.74% | 47.32% | 46.81% | 48.27% | 46.88% | 44.95% | 49.55% | 52.85% | 53.42% | 50.02% | 41.18% | 53.59% | 19.84% |
| Research & Development | 174.36M | 188.53M | 164.29M | 121.78M | 110.12M | 102.03M | 102.05M | 92.41M | 71.16M | 60.95M | 46.46M | 50.98M | 40.55M | 36.42M | 35.08M | 32.76M | 25.37M | 15.41M | 11.39M | 7.58M | 6.00M | 3.09M |
| General & Administrative | 27.92M | 31.45M | 21.82M | 15.60M | 17.81M | 17.63M | 16.93M | 17.07M | 15.36M | 13.36M | 11.25M | 12.16M | 11.33M | 10.56M | 14.53M | 16.31M | 381.75M | 219.40M | 4.80K | 0.00 | 2.04M | 0.00 |
| Selling & Marketing | 26.92M | 31.54M | 28.81M | 24.81M | 25.01M | 29.28M | 25.87M | 25.77M | 20.17M | 16.32M | 13.60M | 15.92M | 14.55M | 13.44M | 12.38M | 11.23M | 298.20M | 200.53M | 5.80K | 0.00 | 3.70M | 1.51M |
| SG&A | 54.84M | 62.98M | 50.64M | 40.41M | 42.82M | 46.91M | 42.80M | 45.43M | 37.98M | 31.66M | 26.61M | 29.68M | 25.87M | 24.00M | 26.90M | 27.54M | 20.97M | 12.89M | 8.73M | 7.77M | 5.74M | 1.51M |
| Other Expenses | 1.31M | 1.00K | -77.00K | 133.00K | 766.00K | 193.00K | 84.00K | 42.00K | 9.00K | -1.00K | 131.00K | -100.00K | 783.65K | 2.39M | 6.01M | 5.90M | 5.05M | 1.14M | 137.00K | 936.00K | 711.07K | 10.27M |
| Operating Expenses | 230.51M | 251.52M | 214.93M | 162.19M | 153.71M | -156.87M | -156.04M | -138.01M | -108.01M | -91.23M | -71.20M | -78.78M | 67.20M | 61.19M | 68.00M | 66.20M | 51.38M | 29.43M | 20.26M | 16.29M | 12.45M | 14.87M |
| Cost & Expenses | 599.26M | 223.31M | 676.23M | 441.56M | 388.79M | 112.67M | 116.17M | 143.54M | 68.76M | 48.39M | 47.50M | 70.88M | 183.15M | 137.86M | 117.94M | 151.09M | 136.40M | 78.90M | 61.20M | 56.80M | 24.96M | 25.40M |
| Interest Income | 12.25M | 3.53M | 1.28M | 4.63M | 6.75M | 5.92M | 3.85M | 2.03M | 1.98M | 2.10M | 1.74M | 1.39M | 600.30K | 389.97K | 690.32K | 1.34M | 1.61M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 0.00 | 71.00K | 0.00 | 11.00K | 3.00K | 378.00K | 423.00K | 127.00K | 47.00K | 114.00K | 110.00K | 61.00K | 75.25K | 107.21K | 108.95K | 146.55K | 32.47K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 21.81M | 18.92M | 17.19M | 13.59M | 13.24M | 14.80M | 13.18M | 9.49M | -8.99M | -6.92M | -6.43M | -5.88M | 783.65K | 2.39M | 6.01M | 5.90M | 7.89M | 1.09M | 866.00K | 1.26M | 1.54M | 561.80K |
| EBITDA | 83.04M | 233.25M | 263.03M | 99.33M | 85.45M | 125.57M | 116.94M | 148.85M | 85.78M | 65.99M | 41.73M | 60.28M | 53.57M | 1.55M | -60.74M | 23.27M | 50.91M | 28.38M | 21.58M | 13.25M | 3.53M | -11.70M |
| EBITDA Ratio | 12.99% | 24.66% | 28.50% | 23.85% | 18.46% | 23.32% | 22.34% | 26.76% | 23.74% | 22.81% | 18.52% | 20.81% | 16.10% | 14.97% | -19.93% | 13.72% | 30.11% | 27.39% | 26.00% | 18.94% | 18.89% | -86.86% |
| Operating Income | 39.88M | 213.93M | 245.87M | 115.13M | 71.34M | 108.90M | 103.81M | 137.26M | 76.79M | 59.07M | 35.30M | 52.67M | 40.99M | 6.46M | -27.22M | 17.19M | 41.55M | 27.29M | 20.71M | 12.08M | 398.34K | -12.56M |
| Operating Income Ratio | 6.24% | 22.62% | 26.66% | 21.34% | 15.60% | 20.53% | 19.83% | 24.68% | 21.25% | 20.42% | 15.67% | 18.72% | 18.29% | 4.48% | -30.00% | 10.22% | 23.04% | 25.70% | 25.29% | 17.53% | 1.48% | -95.59% |
| Total Other Income/Expenses | 21.17M | -1.35M | 1.40M | 5.08M | 19.93M | 5.03M | 3.65M | 1.37M | 2.07M | 1.50M | 1.85M | 1.66M | 6.23M | -10.20M | -39.89M | 2.23M | -413.12K | 2.43M | 1.10M | 670.00K | 73.98K | 301.21K |
| Income Before Tax | 61.05M | 212.58M | 247.27M | 85.56M | 72.07M | 109.86M | 99.00M | 138.63M | 78.50M | 60.57M | 37.15M | 54.33M | 47.22M | -6.00M | -29.76M | 19.79M | 42.99M | 29.72M | 21.81M | 12.75M | 472.32K | -12.25M |
| Income Before Tax Ratio | 9.55% | 22.47% | 26.82% | 15.86% | 15.76% | 20.71% | 18.91% | 24.93% | 21.73% | 20.93% | 16.49% | 19.31% | 21.07% | -4.16% | -32.80% | 11.76% | 23.84% | 27.99% | 26.63% | 18.51% | 1.75% | -93.30% |
| Income Tax Expense | 8.18M | 40.07M | 47.32M | 5.81M | 7.68M | 11.79M | 24.05M | 27.69M | 18.25M | 16.10M | 9.77M | 7.12M | 5.76M | -651.92K | 392.04K | 3.55M | 2.52M | 645.00K | 1.28M | 4.23M | -2.78M | -275.22K |
| Net Income | 52.87M | 172.51M | 200.00M | 79.75M | 64.40M | 100.27M | 75.03M | 110.94M | 60.28M | 44.31M | 27.38M | 47.22M | 41.46M | -5.35M | -30.15M | 16.24M | 40.47M | 29.07M | 20.53M | 8.52M | 3.25M | -12.53M |
| Net Income Ratio | 8.27% | 18.24% | 21.69% | 14.78% | 14.08% | 18.91% | 14.34% | 19.95% | 16.68% | 15.32% | 12.15% | 16.78% | 18.50% | -3.71% | -33.23% | 9.65% | 22.45% | 27.38% | 25.06% | 12.37% | 12.07% | -95.39% |
| EPS | 1.59 | 5.18 | 5.75 | 2.29 | 1.83 | 2.78 | 2.10 | 3.15 | 1.75 | 1.32 | 0.83 | 1.46 | 1.35 | -0.18 | -1.09 | 2.09 | 1.25 | 0.94 | 0.72 | 0.33 | 0.13 | -0.75 |
| EPS Diluted | 1.58 | 5.16 | 5.73 | 2.28 | 1.83 | 2.78 | 2.09 | 3.12 | 1.73 | 1.30 | 0.81 | 1.40 | 1.28 | -0.18 | -1.09 | 2.07 | 1.21 | 0.93 | 0.71 | 0.33 | 0.13 | -0.75 |
| Weighted Avg Shares Out | 33.35M | 33.26M | 34.85M | 34.86M | 35.18M | 36.03M | 35.68M | 35.23M | 34.53M | 33.65M | 33.07M | 32.32M | 30.77M | 29.04M | 27.67M | 32.18M | 32.26M | 30.81M | 28.52M | 25.97M | 24.23M | 16.69M |
| Weighted Avg Shares Out (Dil) | 33.47M | 33.39M | 34.99M | 34.98M | 35.30M | 36.13M | 35.90M | 35.51M | 34.91M | 34.20M | 33.64M | 33.63M | 32.34M | 29.04M | 27.67M | 32.18M | 33.32M | 31.37M | 29.00M | 25.97M | 24.23M | 16.69M |
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Business Highlights Fourth quarter sales increased 17% Q/Q and increased 1% Y/Y SSD controller sales: 4Q increased 15% to 20% Q/Q and increased 0% to 5% Y/Y eMMC+UFS controller sales: 4Q increased 25% to 30% Q/Q and increased 20% to...
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TAIPEI, Taiwan and MILPITAS, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices, confirms today its...
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