Silicon Motion Announces Results for the Period Ended September 30, 2025

Rhea-AI Summary

Silicon Motion (NASDAQ: SIMO) reported 3Q 2025 revenue of $242.0M, up 22% Q/Q and 14% Y/Y. GAAP net income was $39.1M or $1.16 diluted ADS; non-GAAP net income was $33.8M or $1.00 diluted ADS. Third-quarter gross margin was ~48.6%. Management expects 4Q 2025 revenue $254–$266M (+5%–10% Q/Q, +33%–39% Y/Y) and gross margin ~48.4%–49.4%. Board declared a $2.00 per ADS annual dividend with the first installment paid Nov 26, 2025. Cash and equivalents ended at $272.4M.

Positive

• Revenue $242.0M, +22% Q/Q
• GAAP net income $39.1M, up from $16.3M Q2 2025
• 3Q gross margin ~48.6%
• 4Q 2025 revenue guide $254–$266M (+33%–39% Y/Y)
• Board declared $2.00 per ADS annual dividend

Negative

• SSD solutions sales down 40%–45% Y/Y
• Cash and equivalents $272.4M, down from $368.6M year-ago
• GAAP operating expenses $88.5M, up from $72.4M Q2 2025

Insights

Financial Results Analyst

Silicon Motion reported stronger-than-expected Q3 2025 sales, higher margins and sequential profit improvement.

Revenue rose to $242.0 million, up 22% sequentially and 14% year-over-year, driven by higher SSD controller and eMMC/UFS volumes and growth in automotive and client PCIe5 controller sales. Gross margin expanded to 48.6% (GAAP) with non-GAAP gross margin at 48.7%, reflecting better product mix and higher average selling prices in some product lines.

Operating results improved: GAAP operating margin reached 12.1% and non-GAAP operating margin was 15.8%, while GAAP diluted EPS rose to $1.16 and non-GAAP EPS to $1.00. Management forecasts Q4 2025 revenue of $254 to $266 million and expects gross margin near 48.4%–49.4% (GAAP), indicating continued sequential growth into the next quarter.

Key dependencies and risks include the company’s reliance on continued demand for eMMC/UFS and SSD controllers, the realization of product ramps in 2026, and non-GAAP adjustments (notably stock-based compensation and dispute-related expenses) that materially widen the gap between GAAP and non-GAAP operating margins. Cash ended the quarter at $272.4 million, down from the prior year, and routine capex was modest at $9.9 million, which suggests limited near-term cash strain but warrants monitoring.

Watch for quarterly revenue and margin realization against the provided Q4 guidance and the announced first dividend installment payment on November 26, 2025. Near-term horizon: monitor quarterly reports and conference-call commentary over the next 3 months for confirmation of product ramps and margin sustainability.

Business Highlights

• Third quarter of 2025 sales increased 22% Q/Q and increased 14% Y/Y
  • SSD controller sales: 3Q of 2025 increased 20% to 25% Q/Q and decreased 0% to 5% Y/Y
  • eMMC+UFS controller sales: 3Q of 2025 increased 20% to 25% Q/Q and increased 35% to 40% Y/Y
  • SSD solutions sales: 3Q of 2025 increased 15% to 20% Q/Q and decreased 40% to 45% Y/Y
    
    

Financial Highlights

	3Q 2025 GAAP	3Q 2025 Non-GAAP*
•   Net sales	$242.0 million (+22% Q/Q, +14% Y/Y)	$242.0 million (+22% Q/Q, +14% Y/Y)
•   Gross margin	48.6%	48.7%
•   Operating margin	12.1%	15.8%
•   Earnings per diluted ADS	$1.16	$1.00

*        Please see reconciliations of U.S. Generally Accepted Accounting Principles (“GAAP”) to all non-GAAP financial measures mentioned herein towards the end of this news release.

TAIPEI, Taiwan and MILPITAS, Calif., Oct. 31, 2025 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion,” the “Company,” “we” or similar terms) today announced its financial results for the quarter ended September 30, 2025. For the third quarter of 2025, net sales (GAAP) increased sequentially to $242.0 million from $198.7 million in the second quarter of 2025. Net income (GAAP) also increased sequentially to $39.1 million, or $1.16 per diluted American depositary share (“ADS”) (GAAP), from net income (GAAP) of $16.3 million, or $0.49 per diluted ADS (GAAP), in the second quarter of 2025.

For the third quarter of 2025, net income (non-GAAP) increased sequentially to $33.8 million, or $1.00 per diluted ADS (non-GAAP), from net income (non-GAAP) of $23.0 million, or $0.69 per diluted ADS (non-GAAP), in the second quarter of 2025.

All financial numbers are in U.S. dollars unless otherwise noted.

Third Quarter of 2025 Review

“We experienced better than projected strength across each of our markets in the third quarter of 2025 and delivered revenue well above our previously provided range,” stated Wallace Kou, President and CEO of Silicon Motion. “Our eMMC and UFS products experienced strong growth during the third quarter, primarily driven by a rebounding smartphone market coupled with market share gains. We also experienced continued growth in our automotive segment primarily driven by increased product diversification and new customer ramps. Our leading PCIe5 client SSD controller sales grew 45% quarter-over-quarter as AI-at-the-edge PCs are gaining traction and as white box AI server makers continue to leverage mainstream hardware components. The investments we have made over the past few years are taking root as we are starting to benefit from increased product and market diversification. We believe we are well positioned to achieve long-term, sustainable growth given our expanding product portfolio of leading consumer, enterprise, automotive and industrial storage solutions.”

Key Financial Results

(in millions, except percentages and per ADS amounts)	GAAP									Non-GAAP
		3Q 2025			2Q 2025			3Q 2024			3Q 2025			2Q 2025			3Q 2024
Revenue	$242.0			$198.7			$212.4			$242.0			$198.7			$212.4
Gross profit     Percent of revenue		$117.7 48.6%			$94.7 47.7%			$99.3 46.7%			$117.8 48.7%			$94.7 47.7%			$99.3 46.8%
Operating expenses	$88.5			$72.4			$74.8			$79.5			$69.3			$65.1
Operating income     Percent of revenue		$29.2 12.1%			$22.3 11.2%			$24.5 11.5%			$38.3 15.8%			$25.3 12.8%			$34.2 16.1%
Earnings per diluted ADS	$1.16			$0.49			$0.62			$1.00			$0.69			$0.92

Other Financial Information

(in millions)	3Q 2025		2Q 2025		3Q 2024
Cash, cash equivalents and restricted cash—end of period	$272.4		$282.3		$368.6
Routine capital expenditures	$9.9		$7.4		$7.4
Dividend payments	$16.7		$16.7		$16.8

During the third quarter of 2025, we had $20.1 million of capital expenditures, including $9.9 million for the routine purchases of testing equipment, software, design tools and other items, and $10.2 million for building improvements and furniture for our office building in Hsinchu, Taiwan.

Returning Value to Shareholders

On October 28, 2024, our Board of Directors declared a $2.00 per ADS annual cash dividend to be paid in quarterly installments of $0.50 per ADS. On August 21, 2025, we paid $16.7 million to Silicon Motion shareholders as the fourth installment of the annual cash dividend. On October 27, 2025, our Board of Directors declared a $2.00 per ADS annual dividend to be paid in quarterly installments of $0.50 per ADS. The first installment of our new annual dividend will be paid on November 26, 2025.  

Business Outlook

“Our efforts in product and market diversification are yielding results on both the top and bottom lines. We introduced several new products in 2025 in client SSDs, portable SSDs, eMMC/UFS, enterprise, automotive and expandable cards that will ramp and scale in 2026, driving higher share across our markets and benefiting from higher ASPs and strong margins. We expect continued top and bottom line growth in the current quarter, exceeding our previously announced full-year revenue run rate target of $1 billion exiting the quarter, and look forward to capitalizing on these new products and further expanding our product portfolio and target markets next year,” stated Mr. Kou.

For the fourth quarter of 2025, management expects:

($ in millions, except percentages)	GAAP	Non-GAAP Adjustment	Non-GAAP
Revenue	$254 to $266 +5% to 10% Q/Q +33% to 39% Y/Y	--	$254 to $266 +5% to 10% Q/Q +33% to 39% Y/Y
Gross margin	48.4% to 49.4%	Approximately $0.3*	48.5% to 49.5%
Operating margin	11.5% to 13.2%	Approximately $18.1 to $19.1**	19.0% to 20.0%

* Projected gross margin (non-GAAP) excludes $0.3 million of stock-based compensation.
** Projected operating margin (non-GAAP) excludes $18.1 million to $19.1 million of stock-based compensation and dispute related expenses.

Conference Call & Webcast:

The Company’s management team will conduct a conference call at 8:00 am Eastern Time on October 31, 2025.

Conference Call Details
Participants must register in advance to join the conference call using the link provided below. Conference access information (including dial-in information and a unique access PIN) will be provided in the email received upon registration.

Participant Online Registration:
https://register-conf.media-server.com/register/BI5a424c717da840efac90cdf19c8ac036

A webcast of the call will be available on the Company's website at www.siliconmotion.com.

Discussion of Non-GAAP Financial Measures

To supplement the Company’s unaudited consolidated financial results calculated in accordance with GAAP, the Company discloses certain non-GAAP financial measures that exclude stock-based compensation and other items, including gross profit (non-GAAP), gross margin (non-GAAP), operating expenses (non-GAAP), operating profit (non-GAAP), operating margin (non-GAAP), non-operating income (expense) (non-GAAP), net income (non-GAAP), and earnings per diluted ADS (non-GAAP). These non-GAAP measures are not in accordance with or an alternative to GAAP and may be different from similarly-titled non-GAAP measures used by other companies. We believe that these non-GAAP measures have limitations in that they do not reflect all the amounts associated with the Company’s results of operations as determined in accordance with GAAP and that these measures should only be used to evaluate the Company’s results of operations in conjunction with the corresponding GAAP measures. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measure. We compensate for the limitations of our non-GAAP financial measures by relying upon GAAP results to gain a complete picture of our performance.

Our non-GAAP financial measures are provided to enhance the user’s overall understanding of our current financial performance and our prospects for the future. Specifically, we believe the non-GAAP results provide useful information to both management and investors as these non-GAAP results exclude certain expenses, gains and losses that we believe are not indicative of our core operating results and because they are consistent with the financial models and estimates published by many analysts who follow the Company. We use non-GAAP measures to evaluate the operating performance of our business, for comparison with our forecasts, and for benchmarking our performance externally against our competitors. Also, when evaluating potential acquisitions, we exclude the items described below from our consideration of the target’s performance and valuation. Since we find these measures to be useful, we believe that our investors benefit from seeing the results from management’s perspective in addition to seeing our GAAP results. We believe that these non-GAAP measures, when read in conjunction with the Company’s GAAP financials, provide useful information to investors by offering:

• the ability to make more meaningful period-to-period comparisons of the Company’s on-going operating results;
• the ability to better identify trends in the Company’s underlying business and perform related trend analysis;
• a better understanding of how management plans and measures the Company’s underlying business; and
• an easier way to compare the Company’s operating results against analyst financial models and operating results of our competitors that supplement their GAAP results with non-GAAP financial measures.
  
  

The following are explanations of each of the adjustments that we incorporate into our non-GAAP measures, as well as the reasons for excluding each of these individual items in our reconciliation of these non-GAAP financial measures:

Stock-based compensation expense consists of non-cash charges related to the fair value of restricted stock units awarded to employees. The Company believes that the exclusion of these non-cash charges provides for more accurate comparisons of our operating results to our peer companies due to the varying available valuation methodologies, subjective assumptions and the variety of award types. In addition, the Company believes it is useful to investors to understand the specific impact of share-based compensation on its operating results.

Restructuring charges relate to the restructuring of our underperforming product lines, principally the write-down of NAND flash, embedded DRAM and SSD inventory valuation and severance payments. 

Dispute related expenses consist of legal, consultant, other fees and resolution related to the dispute.

Foreign exchange loss (gain) consists of translation gains and/or losses of non-US$ denominated current assets and current liabilities, as well as certain other balance sheet items, which result from the appreciation or depreciation of non-US$ currencies against the US$. We do not use financial instruments to manage the impact on our operations from changes in foreign exchange rates, and because our operations are subject to fluctuations in foreign exchange rates, we therefore exclude foreign exchange gains and losses when presenting non-GAAP financial measures.

Realized/Unrealized loss (gain) on investments relates to the disposal and net change in fair value of long-term investments.

Silicon Motion Technology Corporation Consolidated Statements of Income (in thousands, except percentages and per ADS data, unaudited)
		For the Three Months Ended									For the Nine Months Ended
		Sep. 30,			Jun. 30,			Sep. 30,			Sep. 30,			Sep. 30,
		2024			2025			2025			2024			2025
		($)			($)			($)			($)			($)
Net sales		212,412			198,675			241,999			612,392			607,166
Cost of sales		113,142			103,988			124,311			331,227			316,424
Gross profit		99,270			94,687			117,688			281,165			290,742
Operating expenses
Research & development		58,486			58,147			69,461			163,666			182,634
Sales & marketing		7,009			7,093			9,492			20,090			23,701
General & administrative		9,315			7,118			9,503			23,003			23,081
Loss from settlement of litigation		-			-			-			1,250			-
Operating income		24,460			22,329			29,232			73,156			61,326
Non-operating income (expense)
Interest income, net		3,518			2,706			2,160			10,760			7,796
Foreign exchange gain (loss), net		(488	)		(3,302	)		574			345			(2,355	)
Realized/Unrealized gain(loss) on investments		(602	)		(1,051	)		13,002			(355	)		15,246
Others, net		-			1			-			-			1
Subtotal		2,428			(1,646	)		15,736			10,750			20,688
Income before income tax		26,888			20,683			44,968			83,906			82,014
Income tax expense		6,045			4,372			5,856			16,226			7,128
Net income		20,843			16,311			39,112			67,680			74,886
Earnings per basic ADS		0.62			0.49			1.17			2.01			2.23
Earnings per diluted ADS		0.62			0.49			1.16			2.01			2.23
Margin Analysis:
Gross margin		46.7	%		47.7	%		48.6	%		45.9	%		47.9	%
Operating margin		11.5	%		11.2	%		12.1	%		11.9	%		10.1	%
Net margin		9.8	%		8.2	%		16.2	%		11.1	%		12.3	%
Additional Data:
Weighted avg. ADS equivalents		33,687			33,557			33,560			33,627			33,584
Diluted ADS equivalents		33,700			33,562			33,592			33,691			33,651

Silicon Motion Technology Corporation Reconciliation of GAAP to Non-GAAP Operating Results (in thousands, except percentages and per ADS data, unaudited)
	For the Three Months Ended												For the Nine Months Ended
	Sep. 30,				Jun. 30,				Sep. 30,				Sep. 30,				Sep. 30,
		2024				2025				2025				2024				2025
	($)				($)				($)				($)				($)
Gross profit (GAAP)		99,270				94,687				117,688				281,165				290,742
Gross margin (GAAP)		46.7	%			47.7	%			48.6	%			45.9	%			47.9	%
Stock-based compensation (A)		63				-				86				149				160
Restructuring charges		-				-				-				46				-
Gross profit (non-GAAP)		99,333				94,687				117,774				281,360				290,902
Gross margin (non-GAAP)		46.8	%			47.7	%			48.7	%			45.9	%			47.9	%
Operating expenses (GAAP)		74,810				72,358				88,456				208,009				229,416
Stock-based compensation (A)		(3,595	)			(175	)			(5,435	)			(7,059	)			(10,346	)
Dispute related expenses		(6,076	)			(2,841	)			(3,556	)			(11,135	)			(6,675	)
Operating expenses (non-GAAP)		65,139				69,342				79,465				189,815				212,395
Operating profit (GAAP)		24,460				22,329				29,232				73,156				61,326
Operating margin (GAAP)		11.5	%			11.2	%			12.1	%			11.9	%			10.1	%
Total adjustments to operating profit		9,734				3,016				9,077				18,389				17,181
Operating profit (non-GAAP)		34,194				25,345				38,309				91,545				78,507
Operating margin (non-GAAP)		16.1	%			12.8	%			15.8	%			14.9	%			12.9	%
Non-operating income (expense) (GAAP)		2,428				(1,646	)			15,736				10,750				20,688
Foreign exchange loss (gain), net		488				3,302				(574	)			(345	)			2,355
Realized/Unrealized loss (gain) on investments		602				1,051				(13,002	)			355				(15,246	)
Non-operating income (expense) (non-GAAP)		3,518				2,707				2,160				10,760				7,797
Net income (GAAP)		20,843				16,311				39,112				67,680				74,886
Total pre-tax impact of non-GAAP adjustments		10,824				7,369				(4,499	)			18,399				4,290
Income tax impact of non-GAAP adjustments		(649	)			(670	)			(789	)			(1,014	)			(2,070	)
Net income (non-GAAP)		31,018				23,010				33,824				85,065				77,106
Earnings per diluted ADS (GAAP)	$	0.62			$	0.49			$	1.16			$	2.01			$	2.23
Earnings per diluted ADS (non-GAAP)	$	0.92			$	0.69			$	1.00			$	2.52			$	2.29
Shares used in computing earnings per diluted ADS (GAAP)		33,700				33,562				33,592				33,691				33,651
Non-GAAP adjustments		109				18				110				52				59
Shares used in computing earnings per diluted ADS (non-GAAP)		33,809				33,580				33,702				33,743				33,710
(A)Excludes stock-based compensation as follows:
Cost of sales		63				-				86				149				160
Research & development		2,377				55				3,820				4,614				6,877
Sales & marketing		455				79				677				975				1,618
General & administrative		763				41				938				1,470				1,851

Silicon Motion Technology Corporation Consolidated Balance Sheets (In thousands, unaudited)
		Sep. 30,		Jun. 30,		Sep. 30,
		2024		2025		2025
		($)		($)		($)
Cash and cash equivalents		313,924		208,043		198,581
Accounts receivable (net)		202,726		220,924		201,576
Inventories		214,574		208,005		337,967
Refundable deposits – current		51,102		70,308		70,227
Prepaid expenses and other current assets		38,246		68,040		57,043
Total current assets		820,572		775,320		865,394
Long-term investments		16,878		19,620		32,705
Property and equipment (net)		181,983		208,826		211,080
Other assets		29,304		29,997		27,846
Total assets		1,048,737		1,033,763		1,137,025
Accounts payable		30,888		37,455		74,981
Income tax payable		14,444		17,370		19,231
Accrued expenses and other current liabilities		131,143		134,377		157,504
Total current liabilities		176,475		189,202		251,716
Other liabilities		62,673		55,620		51,506
Total liabilities		239,148		244,822		303,222
Shareholders’ equity		809,589		788,941		833,803
Total liabilities & shareholders’ equity		1,048,737		1,033,763		1,137,025

Silicon Motion Technology Corporation Condensed Consolidated Statements of Cash Flows (in thousands, unaudited)
		For the Three Months Ended										For the Nine Months Ended
			Sep. 30,			Jun. 30,			Sep. 30,			Sep. 30,			Sep. 30,
			2024			2025			2025			2024			2025
			($)			($)			($)			($)			($)
Net income			20,843			16,311			39,112			67,680			74,886
Depreciation & amortization			6,664			7,445			8,039			18,075			22,709
Stock-based compensation			3,658			175			5,521			7,208			10,506
Investment losses (gain) & disposals			602			1,053			(12,886	)		355			(15,142	)
Changes in operating assets and liabilities			22,280			(42,258	)		(12,905	)		(9,967	)		(33,080	)
Net cash provided by (used in) operating activities			54,047			(17,274	)		26,881			83,351			59,879
Purchase of property & equipment			(12,436	)		(15,551	)		(20,113	)		(33,612	)		(47,325	)
Others			-			-			73			-			86
Net cash used in investing activities			(12,436	)		(15,551	)		(20,040	)		(33,612	)		(47,239	)
Dividend payments			(16,812	)		(16,746	)		(16,749	)		(50,441	)		(50,451	)
Share repurchases			-			(21	)		-			-			(24,312	)
Net cash used in financing activities			(16,812	)		(16,767	)		(16,749	)		(50,441	)		(74,763	)
Net increase (decrease) in cash, cash equivalents & restricted cash			24,799			(49,592	)		(9,908	)		(702	)		(62,123	)
Effect of foreign exchange changes			186			124			17			308			178
Cash, cash equivalents & restricted cash—beginning of period			343,611			331,747			282,279			368,990			334,333
Cash, cash equivalents & restricted cash—end of period			368,596			282,279			272,388			368,596			272,388

About Silicon Motion:

We are the global leader in supplying NAND flash controllers for solid state storage devices.  We supply more SSD controllers than any other company in the world for servers, PCs and other client devices and are the leading merchant supplier of eMMC and UFS embedded storage controllers used in smartphones, IoT devices and other applications.  We also supply customized high-performance hyperscale data center and specialized industrial and automotive SSD solutions.  Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs. For further information on Silicon Motion, visit us at www.siliconmotion.com.

Forward-Looking Statements:
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other comparable terminology. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to the unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from one or more customers; general economic conditions or conditions in the semiconductor or consumer electronics markets; the impact of inflation on our business and customer’s businesses and any effect this has on economic activity in the markets in which we operate; the functionalities and performance of our information technology (“IT”) systems, which are subject to cybersecurity threats and which support our critical operational activities, and any breaches of our IT systems or those of our customers, suppliers, partners and providers of third-party licensed technology; the effects on our business and our customer’s business taking into account the ongoing U.S.-China tariffs and trade disputes; the uncertainties associated with any future global or regional pandemic; the continuing tensions between Taiwan and China, including enhanced military activities; decreases in the overall average selling prices of our products; changes in the relative sales mix of our products; changes in our cost of finished goods; supply chain disruptions that have affected us and our industry as well as other industries on a global basis; the payment, or non-payment, of cash dividends in the future at the discretion of our Board of Directors and any announced planned increases in such dividends; changes in our cost of finished goods; the availability, pricing, and timeliness of delivery of other components and raw materials used in the products we sell given the current raw material supply shortages being experienced in our industry; our customers’ sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions; any potential impairment charges that may be incurred related to businesses previously acquired or divested in the future; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission on April 30, 2025. Other than as required under the securities laws, we do not intend, and do not undertake any obligation to, update or revise any forward-looking statements, which apply only as of the date of this news release.

Silicon Motion Investor Contacts:
Tom Sepenzis	Selina Hsieh
Senior Director of IR & Strategy	Investor Relations
tsepenzis@siliconmotion.com	ir@siliconmotion.com

FAQ

What were Silicon Motion (SIMO) reported 3Q 2025 revenue and EPS?

Silicon Motion reported $242.0M revenue for 3Q 2025 and GAAP diluted ADS EPS of $1.16.

How did Silicon Motion (SIMO) net income change in 3Q 2025 versus 2Q 2025?

GAAP net income rose to $39.1M in 3Q 2025 from $16.3M in 2Q 2025.

What guidance did Silicon Motion (SIMO) give for 4Q 2025 revenue and margins?

Management guided 4Q 2025 revenue of $254–$266M (+5%–10% Q/Q, +33%–39% Y/Y) and gross margin ~48.4%–49.4%.

Does Silicon Motion (SIMO) pay a dividend and when is the next payment?

The Board declared a $2.00 per ADS annual dividend paid quarterly; the first installment of the new annual dividend is on Nov 26, 2025.

Which product lines weighed on Silicon Motion (SIMO) 3Q 2025 year-over-year performance?

The company reported SSD solutions sales declined 40%–45% Y/Y, which reduced year-over-year sales in that segment.

What was Silicon Motion (SIMO) cash position at the end of 3Q 2025?

Cash, cash equivalents and restricted cash totaled $272.4M at period end.