Silicon Motion reported third-quarter sales of $560.2 million, up 24% from the preceding quarter and 131% from a year earlier, in results released October 28 U.S. time and dated October 29 in Taiwan.
Net income under U.S. accounting rules fell sequentially to $65.3 million, or $1.91 per diluted American depositary share, from $136.1 million, or $3.99, in the second quarter.
Adjusted net income moved in the opposite direction, increasing to $149.2 million, or $4.35 per depositary share, from $83.1 million, or $2.43. The adjusted figures exclude specified items and are separate from standard accounting profit.
The company reported a GAAP operating margin of 29% and a gross margin of 53.6% for the quarter ended September 30.
SSD controller sales increased between 20% and 25% sequentially. The company said demand from enterprise and artificial-intelligence applications supports its growth expectations, while rising memory costs have pressured some consumer-device customers. That outlook reflects management's assessment rather than completed future sales.
Sources Silicon Motion quarterly financial results, released October 28 U.S. time, dated October 29, 2026.