# Silicon Motion Sales Surge While Quarterly Net Income Falls

The chip-controller supplier reported $560.2 million in sales and $65.3 million in net income.

By Will Langan | 24X7 News
Published: 2026-10-29T01:07:30.144Z
Updated: 2026-10-29T01:07:30.144Z
Section: Technology
Format: News
Canonical: https://24x7news.us/articles/silicon-motion-third-quarter-results-october-28-2026

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.

## Sources
- Silicon Motion Financial Results: https://www.globenewswire.com/news-release/2026/10/28/3390847/9885/en/silicon-motion-announces-results-for-the-quarterly-period-ended-september-30-2026.html