See more : KINS Technology Group Inc. (KINZ) Income Statement Analysis – Financial Results
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 |
Silicon Motion (SIMO) Rises Yet Lags Behind Market: Some Facts Worth Knowing
In the closing of the recent trading day, Silicon Motion (SIMO) stood at $55.86, denoting a +1.21% change from the preceding trading day.
Wall Street Analysts Think Silicon Motion (SIMO) Is a Good Investment: Is It?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Silicon Motion Technology Corporation (SIMO) is Attracting Investor Attention: Here is What You Should Know
Silicon Motion (SIMO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Silicon Motion Technology Corporation (SIMO) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to Silicon Motion (SIMO). This makes it worthwhile to examine what the stock has in store.
Silicon Motion Technology Corporation (SIMO) is Attracting Investor Attention: Here is What You Should Know
Silicon Motion (SIMO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
BofA downgrades Silicon Motion, slashes price target to $60: Time to sell or hold?
Silicon Motion Technology Corp. (NASDAQ: SIMO) is grappling with a significant blow as Bank of America (BofA) downgrades the stock from a Buy to an Underperform rating and slashes its price target from $90 to $60. This drastic revision points...
Silicon Motion: Now Attractively Valued Amid Strong Q2 Results (Rating Upgrade)
SIMO is a global leader in NAND flash and SSD controllers, leveraging its extensive patent portfolio to achieve consistent innovation, secure market dominance, and deliver strong long-term earnings. Despite a growth rate contraction expected, SIMO's 2025 growth forecasts still make...
Silicon Motion Technology Corporation (SIMO) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching Silicon Motion (SIMO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
3 Data Center Stocks Poised to Grow 10X as AI Demand Surges
Artificial intelligence (AI) is rapidly expanding into various industries. However, not all companies have been able to benefit from this growth immediately.
Here's Why Silicon Motion (SIMO) is a Strong Value Stock
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