Silicon Motion posts strong Q2 2026 results

Silicon Motion Technology Corporation delivered very strong 2Q 2026 results, with GAAP net sales of $451.0 million, up 32% sequentially and 127% year-over-year.

Rhea-AI Filing Summary

Silicon Motion Technology Corporation delivered very strong 2Q 2026 results, with GAAP net sales of $451.0 million, up 32% sequentially and 127% year-over-year. GAAP net income was $136.1 million, or $3.99 per diluted ADS, and non-GAAP net income was $83.1 million, or $2.43 per diluted ADS.

Gross margin expanded to 50.2% and GAAP operating margin to 22.4%, driven by embedded eMMC & UFS, enterprise and edge SSD controllers, and Ferri storage solutions. Management described the first half as a record-breaking start and expects to deliver the highest annual revenue in the company’s history, growing more than 100% year-over-year.

Cash, cash equivalents and restricted cash ended at $181.8 million, down from $210.9 million in 1Q, while inventories rose to $673.0 million and the company added $59.2 million of bank loans. For 3Q 2026, revenue is expected between $519 million and $541 million, with GAAP gross margin of 49.9–50.9% and operating margin of 24.4–25.7%. A $2.00 per ADS annual dividend continues, with the fourth $0.50 installment scheduled for August 20, 2026.

Positive

• Revenue and earnings surged: 2Q 2026 net sales reached $451.0 million, up 32% Q/Q and 127% Y/Y, with GAAP net income of $136.1 million and diluted EPS of $3.99 as gross margin rose to 50.2% and operating margin to 22.4%.
• Strong growth outlook: Management guides 3Q 2026 revenue to $519–$541 million (+15–20% Q/Q, +114–124% Y/Y) with higher operating margins and expects 2026 to deliver the highest annual revenue in company history, growing more than 100% year-over-year.

Negative

• Working capital and cash pressure: Despite strong profitability, operating activities used $95.0 million of cash in the first half of 2026, inventories increased to $673.0 million, cash and restricted cash declined to $181.8 million, and the company incurred $59.2 million of bank loans.

Filing Explained

GAAP profit included a $74,727 thousand investment gain, while operating activities used $63,780 thousand of cash in the quarter.

This Form 6-K furnishes interim information and states that it is incorporated by reference into a Form S-8 registration statement filed June 4, 2025; the disclosed structural effect is an update to that registration statement's referenced disclosure.

For earnings interpretation, the company's non-GAAP measures supplement GAAP and exclude stock-based compensation and other items, including realized or unrealized gains and losses on investments.

GAAP net income was $136.1 million versus non-GAAP net income of $83.1 million; the reconciliation identifies a $74,727 thousand realized or unrealized investment gain among the excluded items.

The cash-flow statement separately reports $63,780 thousand used in operating activities during the quarter.

Key Figures

Q2 2026 Revenue: $451.0 million Q2 2026 GAAP Net Income: $136.1 million Q2 2026 GAAP Diluted EPS: $3.99 per ADS +5 more

8 metrics

Q2 2026 Revenue $451.0 million GAAP net sales; +32% Q/Q and +127% Y/Y

Q2 2026 GAAP Net Income $136.1 million Quarter ended June 30, 2026

Q2 2026 GAAP Diluted EPS $3.99 per ADS Earnings per diluted American depositary share

Q2 2026 Gross Margin 50.2% GAAP gross margin for the quarter

Q2 2026 Operating Margin 22.4% GAAP operating margin for the quarter

Q3 2026 Revenue Guidance $519 to $541 million Management outlook; +15–20% Q/Q, +114–124% Y/Y

Cash & Restricted Cash $181.8 million Cash, cash equivalents and restricted cash at June 30, 2026

Bank Loans $59.2 million Outstanding bank loans at June 30, 2026

Key Terms

non-GAAP financial measures, American depositary share, operating margin, stock-based compensation expense, +2 more

6 terms

non-GAAP financial measures financial

"To supplement the Company’s unaudited consolidated financial results... the Company discloses certain non-GAAP financial measures"

Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.

American depositary share financial

"net income (GAAP) of $66.8 million, or $1.97 per diluted American depositary share ("ADS")"

An American Depositary Share (ADS) is a U.S.-listed certificate that represents a specified number of shares in a foreign company, held by a custodian bank; it works like a receipt that allows U.S. investors to buy and trade foreign equity on American exchanges without dealing with another country’s markets. Investors care because ADSs make foreign stocks easier to access, improve liquidity and settlement in dollars, and can affect dividend payments, voting rights and regulatory oversight compared with buying the underlying foreign shares directly.

operating margin financial

"Operating margin 22.4% GAAP and 23.1% non-GAAP in the 2Q 2026 table"

Operating margin shows how much profit a company makes from its core business activities after paying for costs like wages and materials. It’s useful because it tells you how efficiently a company is running—higher margins mean it keeps more money from each dollar of sales, which can indicate better management or stronger products.

stock-based compensation expense financial

"Stock-based compensation expense consists of non-cash charges related to the fair value of restricted stock units"

Stock-based compensation expense is the value that a company records when it gives employees or executives shares or options to buy shares as part of their pay. It matters because it shows the true cost of paying employees this way, which can affect the company's profits and how investors see its financial health.

Realized/Unrealized gain (loss) on investments financial

"Realized/Unrealized loss (gain) on investments relates to the disposal and net change in fair value"

PCIe5 controller technical

"high-performance 6nm PCIe5 edge SSD controller portfolio, our new MonTitan enterprise/AI SSD PCIe5"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Silicon Motion (SIMO) perform financially in Q2 2026?

Silicon Motion reported Q2 2026 net sales of $451.0 million, up 32% sequentially and 127% year-over-year. GAAP net income was $136.1 million, with diluted EPS of $3.99, reflecting significantly higher revenue and improved margins versus both 1Q 2026 and 2Q 2025.

What are Silicon Motion (SIMO)’s Q2 2026 profit margins and EPS on a GAAP and non-GAAP basis?

In Q2 2026, Silicon Motion achieved a GAAP gross margin of 50.2% and operating margin of 22.4%. GAAP diluted EPS was $3.99, while non-GAAP diluted EPS was $2.43, based on non-GAAP net income of $83.1 million, excluding stock-based compensation and other items.

What guidance did Silicon Motion (SIMO) provide for Q3 2026?

For Q3 2026, management expects revenue of $519–$541 million, representing 15–20% sequential and 114–124% year-over-year growth. The company targets GAAP gross margin of 49.9–50.9% and operating margin of 24.4–25.7%, with slightly higher margins on a non-GAAP basis.

How strong is Silicon Motion (SIMO)’s balance sheet and cash position after Q2 2026?

At June 30, 2026, Silicon Motion held $181.8 million of cash, cash equivalents and restricted cash, down from $210.9 million in 1Q 2026. Inventories increased to $673.0 million, and the company reported $59.2 million in bank loans and total shareholders’ equity of $1.05 billion.

What cash flows and capital returns did Silicon Motion (SIMO) report in the first half of 2026?

For the six months ended June 30, 2026, operating activities used $95.0 million of cash, while investing activities used $25.9 million, mainly for capital expenditures. The company paid $33.8 million in dividends under its $2.00 per ADS annual dividend, in four $0.50 quarterly installments.

How is Silicon Motion (SIMO) positioning for AI and enterprise storage growth?

Management highlighted investments in embedded eMMC and UFS products, PCIe5 edge SSD controllers, MonTitan enterprise/AI PCIe5 and in-development PCIe6 controllers, plus Ferri and Enterprise Boot Drive solutions, stating the company is well positioned across AI data center, server, edge AI and physical AI markets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/30/2026 - 06:03 AM Accepted by SEC EDGAR 07/29/2026 - 07:25 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of July 2026

Commission File Number: 000-51380

Silicon Motion Technology Corporation

(Exact name of Registrant as specified in its charter)

Flat C, 19/F, Wing Cheong Commercial Building

Nos 19-25 Jervois Street

Hong Kong

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒   Form 40-F ☐

This Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form S-8 filed with the U.S. Securities and Exchange Commission on June 4, 2025 (Registration No. 333-287771).

Exhibit No.		Description
99.1		Press Release issued by the Company on July 30, 2026

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				SILICON MOTION TECHNOLOGY CORPORATION
Date: July 30, 2026				By:		/s/ Jason Tsai
				Name:		Jason Tsai
				Title:		Chief Financial Officer

3

Exhibit 99.1

Silicon Motion Announces Results for the Quarterly Period Ended June 30, 2026

NEWS RELEASE

Business Highlights

• Second quarter of 2026 sales increased 32% Q/Q and increased 127% Y/Y

• SSD controller sales: 2Q of 2026 increased 5% to 10% Q/Q and increased 50% to 55% Y/Y

• eMMC+UFS controller sales: 2Q of 2026 increased 15% to 20% Q/Q and increased 95% to 100% Y/Y

• Ferri & Boot Drive solutions sales: 2Q of 2026 increased 110% to 115% Q/Q and increased 1,690% to 1,695% Y/Y

Financial Highlights

		2Q 2026 GAAP		2Q 2026 Non-GAAP*
• Net sales		$451.0 million (+32% Q/Q, +127% Y/Y)		$451.0 million (+32% Q/Q, +127% Y/Y)
• Gross margin		50.2%		50.2%
• Operating margin		22.4%		23.1%
• Earnings per diluted ADS		$3.99		$2.43

* 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., July 30, 2026 – Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion,” the “Company,” “we” or similar terms) today announced its financial results for the quarter ended June 30, 2026. For the second quarter of 2026, net sales (GAAP) increased sequentially to $451.0 million from $342.1 million in the first quarter of 2026. Net income (GAAP) also increased sequentially to $136.1 million, or $3.99 per diluted American depositary share (“ADS”) (GAAP), from net income (GAAP) of $66.8 million, or $1.97 per diluted ADS (GAAP), in the first quarter of 2026

For the second quarter of 2026, net income (non-GAAP) increased sequentially to $83.1 million, or $2.43 per diluted ADS (non-GAAP), from net income (non-GAAP) of $53.8 million, or $1.58 per diluted ADS (non-GAAP), in the first quarter of 2026.

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

1

Second Quarter of 2026 Review

“Our shift from a consumer-focused NAND flash controller maker to a diversified leader in controllers and storage solutions — from AI infrastructure to the edge — is accelerating rapidly,” stated Wallace Kou, President & CEO of Silicon Motion. “The second quarter delivered exceptional growth in revenue, gross margin, and operating margin — powered by our Embedded eMMC & UFS business, our Enterprise and Edge SSD controller business, and our rapidly growing storage solutions business focusing on Ferri for Automotive & Enterprise Boot Drives. The first two quarters delivered a record-breaking start to the year, and we expect that momentum to continue into the second half. With our ongoing product and market expansion, we are building a resilient platform for sustainable, high-quality revenue and profitability growth for years to come.”

Key Financial Results

(in millions, except percentages and per ADS amounts)		GAAP												Non-GAAP
		2Q 2026				1Q 2026				2Q 2025				2Q 2026				1Q 2026				2Q 2025
Revenue		$	451.0			$	342.1			$	198.7			$	451.0			$	342.1			$	198.7
Gross profit		$	226.2			$	161.3			$	94.7			$	226.3			$	161.4			$	94.7
Percent of revenue			50.2	%			47.1	%			47.7	%			50.2	%			47.2	%			47.7	%
Operating expenses		$	125.1			$	109.1			$	72.4			$	122.1			$	99.2			$	69.3
Operating income		$	101.1			$	52.2			$	22.3			$	104.2			$	62.2			$	25.3
Percent of revenue			22.4	%			15.3	%			11.2	%			23.1	%			18.2	%			12.8	%
Earnings per diluted ADS		$	3.99			$	1.97			$	0.49			$	2.43			$	1.58			$	0.69

2

Other Financial Information

(in millions)		2Q 2026				1Q 2026				2Q 2025
Cash, cash equivalents and restricted cash—end of period		$	181.8			$	210.9			$	282.3
Routine capital expenditures		$	5.8			$	13.2			$	7.4
Dividend payments		$	16.9			$	16.9			$	16.7
Bank loans		$	59.2				—				—

During the second quarter of 2026, we had $7.7 million of capital expenditures, including $5.8 million for the routine purchases of testing equipment, software, design tools and other items, and $1.9 million for building construction and improvements.

Returning Value to Shareholders

On October 27, 2025, 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 May 21, 2026, we paid $16.9 million to Silicon Motion shareholders as the third installment of the annual cash dividend. The fourth installment of our annual dividend is scheduled to be paid on August 20, 2026 to all Silicon Motion shareholders of record as of the close of business on August 6, 2026.

Business Outlook

“SIMO is drawing on its leading NAND controller technology and unmatched industry relationships to broaden its product portfolio and addressable markets from AI infrastructure to the edge. We’ve built this foundation over the past several years through investments in leading embedded eMMC and UFS products, our high-performance 6nm PCIe5 edge SSD controller portfolio, our new MonTitan enterprise/AI SSD PCIe5 and in-development PCIe6 controllers, and our rapidly expanding lineup of Ferri and Enterprise Boot Drive storage solutions. Today we are exceptionally well positioned across every AI market, including AI data center, AI server, edge AI, and physical AI.”

“Based on our current backlog and customer forecasts, we expect continued strong top-line growth through the rest of the year. Although many of our consumer businesses face real headwinds from current NAND pricing and supply, we have never been better positioned as a company. We are on track to deliver the highest annual revenue in our company’s history, growing more than 100% year-over-year, and we’re still in the early stages of bringing our new enterprise/AI infrastructure products into the mix,” stated Mr. Kou.

3

For the third quarter of 2026, management expects:

($ in millions, except percentages)		GAAP		Non-GAAP Adjustment		Non-GAAP
Revenue		$519 to $541 +15% to 20% Q/Q +114% to 124% Y/Y		—		$519 to $541 +15% to 20% Q/Q +114% to 124% Y/Y
Gross margin		49.9% to 50.9%		Approximately $0.3*		50.0% to 51.0%
Operating margin		24.4% to 25.7%		Approximately $14.9 to $15.9**		27.5% to 28.5%

* Projected gross margin (non-GAAP) excludes $0.3 million of stock-based compensation.

** Projected operating margin (non-GAAP) excludes $14.9 million to $15.9 million of stock-based compensation and dispute-related expenses.

Conference Call & Webcast:

The Company’s management team will host a conference call at 8:00 a.m. Eastern Time on July 30, 2026.

Conference Call Details

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

Participant Online Registration:

https://register-conf.media-server.com/register/BIe2be1a4a643c47708d5248b81964b23d

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

4

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.

5

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.

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

Foreign exchange loss (gain) consists of remeasurement 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.

6

Silicon Motion Technology Corporation

Consolidated Statements of Income

(in thousands, except percentages and per ADS data, unaudited)

		For Three Months Ended												For Six Months Ended
		Jun. 30,				Mar. 31,				Jun. 30,				Jun. 30,				Jun. 30,
		2025				2026				2026				2025				2026
		($)				($)				($)				($)				($)
Net sales			198,675				342,105				451,001				365,167				793,106
Cost of sales			103,988				180,845				224,784				192,113				405,629
Gross profit			94,687				161,260				226,217				173,054				387,477
Operating expenses
Research & development			58,147				86,240				104,654				113,173				190,894
Sales & marketing			7,093				13,288				13,064				14,208				26,352
General & administrative			7,118				9,528				7,385				13,578				16,913
Operating income			22,329				52,204				101,114				32,095				153,318
Non-operating income (expense)
Interest income, net			2,706				1,617				1,390				5,635				3,007
Foreign exchange gain (loss), net			(3,302	)			16				(381	)			(2,929	)			(365	)
Realized/Unrealized gain (loss) on investments, net			(1,051	)			21,759				74,727				2,245				96,486
Others, net			1				—				—				1				—
Subtotal			(1,646	)			23,392				75,736				4,952				99,128
Income before income tax			20,683				75,596				176,850				37,047				252,446
Income tax expense			4,372				8,797				40,738				1,273				49,535
Net income			16,311				66,799				136,112				35,774				202,911
Earnings per basic ADS			0.49				1.98				4.01				1.06				6.00
Earnings per diluted ADS			0.49				1.97				3.99				1.06				5.97
Margin Analysis:
Gross margin			47.7	%			47.1	%			50.2	%			47.4	%			48.9	%
Operating margin			11.2	%			15.3	%			22.4	%			8.8	%			19.3	%
Net margin			8.2	%			19.5	%			30.2	%			9.8	%			25.6	%
Additional Data:
Weighted avg. ADS equivalents			33,557				33,678				33,908				33,596				33,793
Diluted ADS equivalents			33,562				33,916				34,097				33,681				34,006

7

Silicon Motion Technology Corporation

Reconciliation of GAAP to Non-GAAP Operating Results

(in thousands, except percentages and per ADS data, unaudited)

		For Three Months Ended												For Six Months Ended
		Jun. 30, 2025 ($)				Mar. 31, 2026 ($)				Jun. 30, 2026 ($)				Jun. 30, 2025 ($)				Jun. 30, 2026 ($)
Gross profit (GAAP)			94,687				161,260				226,217				173,054				387,477
Gross margin (GAAP)			47.7	%			47.1	%			50.2	%			47.4	%			48.9	%
Stock-based compensation (A)			—				134				74				73				208
Gross profit (non-GAAP)			94,687				161,394				226,291				173,127				387,685
Gross margin (non-GAAP)			47.7	%			47.2	%			50.2	%			47.4	%			48.9	%
Operating expenses (GAAP)			72,358				109,056				125,103				140,959				234,159
Stock-based compensation (A)			(175	)			(8,240	)			(3,344	)			(4,913	)			(11,584	)
Dispute related expenses			(2,841	)			(1,604	)			320				(3,118	)			(1,284	)
Operating expenses (non-GAAP)			69,342				99,212				122,079				132,928				221,291
Operating profit (GAAP)			22,329				52,204				101,114				32,095				153,318
Operating margin (GAAP)			11.2	%			15.3	%			22.4	%			8.8	%			19.3	%
Total adjustments to operating profit			3,016				9,978				3,098				8,104				13,076
Operating profit (non-GAAP)			25,345				62,182				104,212				40,199				166,394
Operating margin (non-GAAP)			12.8	%			18.2	%			23.1	%			11.0	%			21.0	%
Non-operating income (expense) (GAAP)			(1,646	)			23,392				75,736				4,952				99,128
Foreign exchange loss (gain), net			3,302				(16	)			381				2,929				365
Realized/Unrealized loss (gain) on investments, net			1,051				(21,759	)			(74,727	)			(2,245	)			(96,486	)
Non-operating income (expense) (non-GAAP)			2,707				1,617				1,390				5,636				3,007
Net income (GAAP)			16,311				66,799				136,112				35,774				202,911
Total pre-tax impact of non-GAAP adjustments			7,369				(11,797	)			(71,248	)			8,788				(83,045	)
Income tax impact of non-GAAP adjustments			(670	)			(1,153	)			18,281				(1,280	)			17,128
Net income (non-GAAP)			23,010				53,849				83,145				43,282				136,994
Earnings per diluted ADS (GAAP)		$	0.49			$	1.97			$	3.99			$	1.06			$	5.97
Earnings per diluted ADS (non-GAAP)		$	0.69			$	1.58			$	2.43			$	1.28			$	4.01

8

Shares used in computing earnings per diluted ADS (GAAP)			33,562				33,916				34,097				33,681				34,006
Non-GAAP adjustments			18				221				154				33				188
Shares used in computing earnings per diluted ADS (non-GAAP)			33,580				34,137				34,251				33,714				34,194
(A) Excludes stock-based compensation as follows:
Cost of sales			—				134				74				73				208
Research & development			55				4,788				1,630				3,058				6,418
Sales & marketing			79				2,007				863				941				2,870
General & administrative			41				1,445				851				914				2,296

9

Silicon Motion Technology Corporation

Consolidated Balance Sheets

(In thousands, unaudited)

		Jun. 30, 2025 ($)				Mar. 31, 2026 ($)				Jun. 30, 2026 ($)
Cash and cash equivalents			208,043				135,677				74,367
Accounts receivable, net			220,924				220,445				323,638
Inventories			208,005				515,250				673,042
Restricted assets – current			70,308				71,268				103,918
Prepaid expenses and other current assets			68,040				58,915				41,526
Total current assets			775,320				1,001,555				1,216,491
Long-term investments			19,620				51,823				127,403
Property and equipment, net			208,826				224,553				232,805
Other assets			29,997				29,077				28,532
Total assets			1,033,763				1,307,008				1,605,231
Accounts payable			37,455				94,503				103,338
Loans			—				—				59,183
Income tax payable			17,370				31,440				37,969
Accrued expenses and other current liabilities			134,377				225,260				281,716
Total current liabilities			189,202				351,203				482,206
Other long-term liabilities			55,620				49,683				76,177
Total liabilities			244,822				400,886				558,383
Shareholders’ equity			788,941				906,122				1,046,848
Total liabilities & shareholders’ equity			1,033,763				1,307,008				1,605,231

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Silicon Motion Technology Corporation

Condensed Consolidated Statements of Cash Flows

(in thousands, unaudited)

		For Three Months Ended												For Six Months Ended
		Jun. 30, 2025 ($)				Mar. 31, 2026 ($)				Jun. 30, 2026 ($)				Jun. 30, 2025 ($)				Jun. 30, 2026 ($)
Net income			16,311				66,799				136,112				35,774				202,911
Depreciation & amortization			7,445				8,954				9,273				14,670				18,227
Stock-based compensation			175				8,374				3,418				4,986				11,792
Investment losses (gain) & disposals			1,053				(21,733	)			(74,684	)			(2,256	)			(96,417	)
Changes in operating assets and liabilities			(42,258	)			(93,619	)			(137,899	)			(20,176	)			(231,518	)
Net cash provided by (used in) operating activities			(17,274	)			(31,225	)			(63,780	)			32,998				(95,005	)
Purchase of property & equipment			(15,551	)			(18,221	)			(7,733	)			(27,212	)			(25,954	)
Proceeds from disposal of properties			—				87				—				13				87
Net cash provided by (used in) investing activities			(15,551	)			(18,134	)			(7,733	)			(27,199	)			(25,867	)
Dividend payments			(16,746	)			(16,918	)			(16,922	)			(33,702	)			(33,840	)
Share repurchases			(21	)			—				—				(24,312	)			—
Bank loan			—				—				59,183				—				59,183
Net cash provided by (used in) financing activities			(16,767	)			(16,918	)			42,261				(58,014	)			25,343
Net increase (decrease) in cash, cash equivalents & restricted cash			(49,592	)			(66,277	)			(29,252	)			(52,215	)			(95,529	)
Effect of foreign exchange changes			124				80				170				161				250
Cash, cash equivalents & restricted cash—beginning of period			331,747				277,081				210,884				334,333				277,081
Cash, cash equivalents & restricted cash—end of period			282,279				210,884				181,802				282,279				181,802

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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 centers 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 customers’ 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 customers’ business taking into account the ongoing U.S.-China tariffs and trade disputes; other factors beyond our control such as natural disasters, terrorism, civil unrest, war, including conflicts in the Middle East, threats to the Strait of Hormuz and global energy supply routes, and the ongoing Russia-Ukraine War, and pandemics, epidemics and other health emergencies; 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; 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

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and general economic conditions; any potential impairment charges that may be incurred related to businesses previously acquired or divested in the future; the risk that the anticipated benefits from our PCIe 5 controller products, including higher average selling prices, may not be maintained or may be less than expected; the risk that our anticipated market share gains across our product lines and penetration of enterprise end markets may not materialize as expected or on the anticipated timeline; 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, 2026. 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
Vice President of Investor Relations & Strategy		Investor Relations
tsepenzis@siliconmotion.com		ir@siliconmotion.com

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